Afya Limited Announces Medical Harbour Acquisition
09 April 2021 - 6:18AM
Afya Limited, or Afya (Nasdaq: AFYA) today announced the
acquisition of 100% of the total share capital of Medical Harbour,
through its wholly-owned subsidiary Afya Participações S.A.
Medical Harbour offers Educational Health and
Medical Imaging Solutions through an interactive platform for
anatomical study, 3D virtual dissection and analysis of medical
images, which allow the exploration, and knowledge of human anatomy
with digital resources.
-
Educational Health Solutions: Athena Hub
specialized in anatomy was created to support dynamic teaching and
allow physicians, teachers and students to interact and manipulate
a real human body on a digital platform. Considering the high
prices, restriction policies and difficulty on maintaining a human
body for anatomy classes, Athena Hub is a perfect solution allowing
students to interact with a digital human body instead of the aged
and degenerate bodies for educational purposes, in any devices with
a Windows 10 system, without the need of VR glasses. The solution
count with Virtual Body, anatomy modules, and real exam analysis
with photorealistic rendering. Over 50 universities in Brazil are
using the solution.
- Medical Imaging
Solutions: Athena DICOM and MH Cloud specialized in
medical imaging with a range of products that simplifies Radiology
and Teleradiology. Allow physicians to visualize, manipulate, share
and store medical imaging with the certification of ANVISA
(Brazilian Health Agency). The solution has over 24,000 downloads
in 180 countries.
“We are excited to add Medical Harbour to our
portfolio. This acquisition enables Afya to start providing a high
quality solution to study the human body, allowing efficient
classes and remote lab sessions with greater student acceptance and
scalability. Additionally, we will be able to distribute Medical
Harbour solutions to all of Afya’s ecosystem, creating B2C and B2B
growth opportunities,” said Virgílio Gibbon, Afya’s CEO.
The aggregate purchase price is R$ 5 million
(Enterprise Value) of which 100% paid in cash as the date hereof,
equivalent to 3.3x gross revenue expected in 2021. An earn-out of
R$ 9 million can be paid related to product development goals for
2021/2022 and revenue achievements for 2023.
More information available on:
https://ir.afya.com.br/acquisitions
About Afya
Afya 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 and
physicians to transform their ambitions into rewarding lifelong
experiences from the moment they join us as medical students
through their medical residency preparation, graduation program,
continuing medical education activities and their daily practices
with digital products.
Contact: Investor Relations: ir@afya.com.br
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