Skip to main content

Afya Limited Announces iClinic’s Acquisition

Written by Customer Service on . Posted in Public Companies.

NOVA LIMA, Brazil and MINAS GERAIS, Brazil, Oct. 13, 2020 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA) today announced the acquisition of 100% of the total share capital of iClinic, through its wholly-owned subsidiary Afya Participações S.A.
iClinic is a SaaS model physician focused technology company and the leading 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.
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 market tools to promote their clinics and others.Telemedicine: platform to provide online consultations fully integrated with doctor’s schedule and recordsPhysicians Marketplace: website that connects doctors and patients to schedule consultations.“With the acquisition of iClinic to our platform, Afya is making another step to become the one stop shop for physicians in Brazil. Now besides medical and health education courses and a clinical decisions app, we enter in a new segment that can help physicians manage their clinics and provide a better service to their patients,” said Virgílio Gibbon, Afya’s CEO.“We founded iClinic to empower doctors with technology in their managerial activities so they can improve their patient experience and provide high quality healthcare to their patients,” said Felipe Lourenço, iClinic’s CEO. “I am very excited to join Afya’s team so we can work together to achieve the same goal.”The net purchase price was R$182.7 million, of which: (i) 61.5% was paid in cash, and (ii) 38.5% was paid in Afya’s stock.
Afya’s management team will host a conference call with investors October 13, 2020, 11:00 am EDT.
Investors may listen to the conference call (ID: AFYA) by dialing +1 (844) 204-8586 or +1 (412)-717-9627 for US Numbers and (11) 3181-8565 for BR Numbers. A live and archived webcast of the call will be available on the Events and Presentations section of the Company’s website at https://ir.afya.com.br/.About AfyaAfya 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 to be lifelong medical learners from the moment they join us as medical students through their medical residency preparation, graduation program, and continuing medical education activities.Contact: Investor Relations: ir@afya.com.br

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.