Afya Ltd. (Brazil)

The Company through its subsidiaries, operates as a medical education group in Brazil.
The Company is formed by a network of higher education and post-graduate institutions focused on medicine located in 18 Brazilian states forming the largest educational group by the number of medical seats in the country. In non-regulated education, Afya provides services that comprise the development and sale of electronically distributed educational courses on medicine science, related printed and soft skills educational content. The Company also offers solutions to empower the physicians in their daily routine including supporting clinic decisions through mobile app subscription, delivering practice management tools through a SaaS (“Software as a Service”) model and supporting the patient-physician relationship.
The Company has three reportable segments as follows:
• Undergrad, which provides educational services through undergraduate courses related to medicine, other health sciences and other undergraduate programs;
• Continuing Education, which provides specialization programs and graduate courses in medicine; and
• Digital Services, which provides content and technology for medical education, clinical decisions software, practice management tools (that encompass electronic medical records, telemedicine and digital prescription for physicians), doctor-patient relationship and provides access, demand and efficiency for the healthcare players.
HISTORY
2019
The Company was incorporated under the laws of the Cayman Islands on March 22, 2019.
The Company completed its initial public offering (IPO) on July 19, 2019, and its shares are listed on the Nasdaq under the symbol “AFYA.”
2020
On January 31, 2020, The company acquired 100 of UniRedentor. UniRedentor is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate courses in medicine in the State of Rio de Janeiro.
On May 5, 2020, The Company acquired 100 of the total share capital of UniSL. UniSL is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate courses in medicine in the State of Rondonia. UniSL also offers other health-related undergraduate degrees.
On July 20, 2020, The Company acquired 100 of the total share capital of PEBMED. PEBMED offers content and clinical tools for healthcare professionals, including mobile and web apps.
On October 22, 2020 The Company entered into a purchase agreement for the acquisition, through its wholly-owned subsidiary Afya Brazil, of 100 of the total share capital of SPES, which includes UNIFIPMoc and Fip Guanambi.
On November 3, 2020, The Company acquired, through Afya Brazil, 100 of the total share capital of FESAR. FESAR is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in the State of Para.
On November 9, 2020, The Company acquired, through Afya Brazil, 100 of the total share capital of FCMPB. FCMPB is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in the State of Paraiba.
2021
On January 21, 2021, The Company completed the acquisition of 100 of the total share capital of iClinic, through our wholly-owned subsidiary Afya Brazil. iClinic is a SaaS model physician focused technology company and the leading practice management software in Brazil.
On March 25, 2021, The Company acquired 100 of the total share capital of Medicinae, through our wholly-owned subsidiary Afya Brazil. Mediciane is a healthcare technology company specialized in healthcare payments and financial services.
On April 8, 2021, The Company announced the acquisition of 100 of the total share capital of Medical Harbour, through our wholly-owned subsidiary Afya Brazil.
On April 16, 2021, The Company announced the acquisition of 100 of the total share capital of Cliquefarma, a healthtech company operating a free-to-use website that tracks prescription drugs, cosmetics and personal hygiene product prices in Brazil.
2022
On March 4, 2022, Afya Brazil acquired BMV Atividades Medicas Ltda. Alem da Medicina is a medical content online platform for physicians and medical students that provides educational tools besides technical medical content that can assist them throughout their careers.
On April 5, 2022, Afya Brazil acquired Cardiopapers Solucoes Digitais Ltda. CardioPapers is the main medical content and education platform in the Cardiology field, offering courses and books developed by physicians and for physicians, covering all phases of the medical career, aligned with Afya s overall business strategy.
On May 23, 2022, Afya Brazil acquired Quasar Telemedicina Desenvolvimento de Sistemas Computacionais Ltda. (“Glic”). Glic is a free diabetes care and management app solution for physicians and patients that uses technology to improve diabetes education and daily routine practices, connecting users, devices and healthcare providers.