Afya Limited Announces Closing of the Acquisition of iClinic
January 21 2021 - 4:40PM
Afya Limited, or Afya (Nasdaq: AFYA) in addition to the Press
Release released by the Company on October 13, 2020, today
announced the closing of its acquisition, through its wholly-owned
subsidiary Afya Participações S.A., of 100% of the total share
capital of iClinic.
iClinic is a SaaS model physician focused
technology company and the leading medical practice management
software in Brazil. They empower doctors to be more independent and
have more control over their careers by digitalizing their daily
routine, so they can increase their productivity and deliver better
healthcare services.
Their portfolio includes:
- Electronic Medical Record: first
electronic medical record as a SaaS model in Brazil focused on the
physician experience;
- Clinical Management System: with
this software doctors can schedule patients online, organize their
financial records, use marketing tools to promote their clinics and
others;
- Telemedicine: platform to provide
online consultations fully integrated with doctor’s schedule and
records; and
- Physicians Marketplace: website
that connects doctors and patients to schedule consultations.
iClinic as of today has more than 25,000 monthly
active users of which 12,400 are monthly active subscribers. The
platform performs more than 790,000 medical consultations per
month, which around 7,800 are through telemedicine and prescribes
more than 420,000 electronic medical prescriptions and 400,000
image exams and lab tests per month. The database created in the
platform through this performance has more than 16 million
registered patients.
The net purchase price (equity value) paid to
sellers was R$191.1 million, of which: (i) 62.6% was paid in cash,
and (ii) 37.4% in Afya’s class A common shares.
About Afya
Afya is a leading medical education group in Brazil based on
number of medical school seats, delivering an end-to-end
physician-centric ecosystem that serves and empowers students and
physicians to transform their ambitions into rewarding lifelong
experiences from the moment they join us as medical students
through their medical residency preparation, graduation program,
continuing medical education activities and offering digital
products to help doctors enhance their healthcare services through
their whole career.
Contact: Investor Relations: ir@afya.com.br
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