Afya Ltd expands with new acquisition in Brazil

Afya Ltd (NASDAQ:AFYA), a leading medical education group in Brazil, announced today that it has entered into a share purchase agreement for the acquisition of Faculdade Única de Contagem, further expanding its presence in the educational services sector. The acquisition aligns with Afya's strategy to consolidate the medical education market in Brazil, where it is already a significant player.

The financial terms of the deal were not disclosed in the filing with the Securities and Exchange Commission (SEC). However, the transaction is expected to enhance Afya's portfolio of educational offerings and support its long-term growth objectives.

Afya Limited, headquartered in Nova Lima, Minas Gerais, Brazil, is recognized for its focus on medical and healthcare education, offering a range of services from undergraduate medical school programs to continuing medical education courses. The addition of Faculdade Única de Contagem is set to complement Afya's existing suite of educational programs and potentially increase its market share in the region.

The company's CEO, Virgilio Deloy Capobianco Gibbon, signed the report filed with the SEC, confirming the company's commitment to this new venture. Afya's approach to growth through strategic acquisitions has been a cornerstone of its business model, and this latest move is consistent with that approach.

This announcement is based on a press release statement and marks another step in Afya's ongoing efforts to expand its educational services throughout Brazil. The acquisition is part of Afya's larger business strategy to solidify its leadership in the medical education sector.

Investors and stakeholders in the education and healthcare industries will be watching closely as Afya integrates this new institution into its operations and leverages the acquisition to reinforce its position in the market.

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