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.

Targets
CardioPapers
Industry
Education
Location
Pernambuco, Brazil
Transaction Type
Buyout

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