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Afya acquires iClinic

Oct. 13, 2020 9:14 AM ETAfya Limited (AFYA) StockAFYABy: SA News Team
  • Through its wholly-owned subsidiary Afya Participações, Afya (NASDAQ:AFYA) acquired 100% of the total share capital of iClinic, a SaaS model physician focused technology company and the leading practice management software in Brazil.
  • Net purchase price stood at R$182.7M, of which 61.5% was paid in cash and 38.5% was paid in Afya’s stock.
  • "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," CEO Virgílio Gibbon commented.
  • Shares +0.23% PM

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