Welcome to our dedicated page for Afya news (Ticker: AFYA), a resource for investors and traders seeking the latest updates and insights on Afya stock.
Afya Limited (AFYA) delivers essential medical education and digital health solutions across Brazil through its integrated network and technology platforms. This news hub provides investors and healthcare professionals with centralized access to corporate developments, strategic initiatives, and operational updates.
Track official press releases covering financial results, academic partnerships, technology implementations, and regulatory milestones. Our curated collection includes updates on Afya's three core segments: Undergraduate medical programs, Continuing Education certifications, and Digital Services supporting clinical decision-making.
Key updates feature expansion of educational partnerships, digital tool enhancements for healthcare providers, and growth metrics across Afya's learning platforms. Users benefit from chronological organization of material events and strategic announcements without editorial commentary.
Bookmark this page for streamlined monitoring of Afya's progress in merging traditional medical training with innovative digital solutions. Verify publication dates and consult original filings for complete context on all developments.
Afya Limited (Nasdaq: AFYA) has acquired 100% of Shosp, a Brazilian clinical management software provider, for R$5.98 million in cash. Shosp, which has over 450 clinics and 2,800 active users, generates an annual recurring revenue (ARR) of R$1.8 million. The migration of Shosp's users to iClinic’s platform aims to enhance Afya's revenue cycle management. An additional earn-out of R$1.793 million is possible based on user migration and new feature implementations within 24 months.
Afya Limited (Nasdaq: AFYA), Brazil's leading medical education group, announced a significant investment from SoftBank Latin America Fund totaling US$150 million in Series A perpetual convertible preferred shares. This transaction includes the sale of 2,270,208 Class A common shares from Crescera Educacional and the Esteves Family to SoftBank, resulting in SoftBank owning approximately 8.4% of Afya's total shares (on an as-converted basis). Paulo Passoni of SoftBank will join Afya's board within the next 30 days.
Afya Limited (Nasdaq: AFYA) announced the release of its first quarter 2021 financial results for the period ending March 31, 2021, scheduled for May 27, 2021, after market close. A conference call will follow on May 28 at 11:00 AM EDT, with details to be disclosed soon. The webcast will be available on the Investor Relations section of Afya's website. Afya is recognized as a leading medical education group in Brazil, providing a comprehensive ecosystem for medical students and professionals.
Afya Limited (Nasdaq: AFYA), Brazil's largest medical education group, announced a significant investment from SoftBank Latin America Fund totaling R$822 million (about $150 million) in Series A preferred shares. This investment is anticipated to enhance Afya's growth and digital health strategy, enabling the company to pursue acquisitions and further technological advancements. Following the deal, SoftBank will hold approximately 8.4% of Afya's total shares. Paulo Passoni from SoftBank is set to join Afya's board within 30 days, aligning interests in the growing healthcare digital services market.
Afya Limited (Nasdaq: AFYA) has acquired 100% of Cliquefarma, a Brazilian healthtech firm that allows users to compare prices of prescription drugs and healthcare products from over 5,000 pharmacies. The acquisition aims to enhance Afya's Digital Prescription services and leverage Cliquefarma's significant web traffic of 20 million visitors and R$ 43.2 million GMV for 2020, representing 52.9% growth from the previous year. The purchase price is R$ 19 million, mainly in cash, with an additional earn-out potential of R$ 3 million based on product developments.
Afya Limited (Nasdaq: AFYA) reported strong financial results for FY 2020, with an Adjusted Net Revenue of R$1,207.7 million, reflecting a 60.9% YoY increase. Excluding acquisitions, revenue rose 27.6% to R$957.8 million. The Adjusted EBITDA surged by 68.9% to R$563.1 million, achieving a margin of 46.6%. Additionally, the company reported a remarkable Adjusted Net Income of R$390.9 million, up 72.2% YoY. Afya maintained a healthy cash position of R$1 billion and achieved a cash conversion rate of 75.7%. The company continues to focus on digital expansion and strategic acquisitions, bolstering its position in the Brazilian healthcare market.
Afya Limited (Nasdaq: AFYA) announced its acquisition of Medical Harbour for R$ 5 million, paid in cash, representing 3.3x its expected gross revenue for 2021. Medical Harbour provides innovative Educational Health and Medical Imaging Solutions, enhancing anatomy education through a digital platform called Athena Hub, utilized by over 50 universities in Brazil. They also offer services simplifying Radiology and Teleradiology, with over 24,000 downloads across 180 countries. An additional earn-out of R$ 9 million may be paid based on product development and revenue targets.
Afya Limited (Nasdaq: AFYA) announced the acquisition of Medicinae, a Brazilian healthcare technology company, for R$ 5.6 million in cash. This acquisition enhances Afya’s digital health services by integrating Medicinae's financial platform, which simplifies receivables management for healthcare professionals across Brazil. Medicinae boasts over 1,420 users and has witnessed 11x revenue growth since 2018. CEO Virgílio Gibbon emphasized the strategic importance of this acquisition in addressing financial challenges faced by healthcare professionals and expanding service offerings.
Afya Limited (Nasdaq: AFYA) has announced the upcoming release of its fourth quarter 2020 and full-year 2020 unaudited financial results on April 8, 2021, after market close. A conference call and webcast are scheduled for April 9, 2021, at 10:00 AM EDT to discuss these results. Afya is recognized as a leading medical education group in Brazil, offering comprehensive support to medical students and professionals throughout their educational journey.
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