Afya to Expand Medical Education Reach With FUNIC Acquisition

Core Viewpoint - Afya Limited is strengthening its market position in Brazil's medical education sector through the acquisition of Faculdade Única de Contagem (FUNIC), which will enhance its capacity and network [1][5]. Acquisition Details - Afya has signed a share purchase agreement to acquire 100% of FUNIC for a total purchase price of R$ 100 million, with R$ 60 million paid upfront and R$ 40 million in three annual installments [3]. - The acquisition adds 60 medical school seats immediately, with potential for an additional 60 seats if approved by Brazil's Ministry of Education within three years [2][3]. Financial Expectations - Afya anticipates an EV/EBITDA multiple of 3.3x at full maturity by 2030, with expected net revenues of R$ 52.4 million from the medical education segment [4]. Strategic Alignment - The acquisition aligns with Afya's strategy to solidify its leadership in Brazil's medical education market, leveraging synergies and expanding its network for long-term growth [5]. Commitment to Education - Afya continues to demonstrate its commitment to advancing medical education in Brazil, fostering innovation and creating opportunities for future healthcare professionals [6]. Market Performance - Afya's shares have decreased by 5.7% over the past three months, contrasting with the industry's growth of 7.7% [7].