Afya Limited Announces Additional Purchase of 15% of Centro de Ciências em Saúde de Itajubá S.A.
October 31 2023 - 5:08PM
Business Wire
Afya Limited (Nasdaq: AFYA; B3: A2FY34) (“Afya” or the
“Company”), the leading medical education group and digital health
services provider in Brazil, today announced an additional
acquisition, through its wholly-owned subsidiary Afya Participações
S.A. (“Afya Brazil”), of an additional 15% of Centro de Ciências em
Saúde de Itajubá S.A. ("CCSI”;”FMIT”), consolidating our position
of ownership to 75% of the total share capital.
The aggregate purchase price for the additional 15% was R$21.0
million paid 100% in cash on the date hereof.
On May 30, 2018, Afya Brazil acquired 60% of FMIT, which has
already been fully integrated into Afya’s operation since 2019.
FMIT is a post-secondary education institution located in the city
of Itajubá, in the state of Minas Gerais. It offers on-campus
post-secondary undergraduate courses in medicine, and currently has
87 approved medical seats.
About Afya Limited (Nasdaq: AFYA, B3: A2FY34)
Afya is a leading medical education group in Brazil based on the
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231031982210/en/
Investor Contact: ir@afya.com.br IR Website:
ir.afya.com.br
Media Contact: Cíntia Moraes Marin
cintia.marin@afya.com.br
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