Afya Limited Acquires CardioPapers
April 5, 2022
Afya Limited, through its subsidiary Afya Participações S.A., acquired 100% of CardioPapers, a Brazilian cardiology-focused medical education platform, for an enterprise value of R$35.0 million in cash plus an earn-out of up to R$15 million. The acquisition adds cardiology content and digital education capabilities to Afya's medical education ecosystem; CardioPapers reported ~7,000 students in 2021 and expected R$18.8 million gross revenue for 2022.
- Buyers
- Afya Limited, Afya Participações S.A.
- Targets
- CardioPapers
- Industry
- Education
- Location
- Pernambuco, Brazil
- Transaction Type
- Buyout
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