Public Company Education

Afya

Belo Horizonte, Minas Gerais, Brazil

Afya is a Brazilian medical education and health technology group serving medical students and physicians. Its offerings span medical schools, residency preparation and continuing medical education, as well as digital products such as clinical decision-support software, practice management tools, electronic medical records, telemedicine and digital prescribing.

Focus Areas
Medical education, Higher education institutions, Residency preparation
Website
afya.com.br

Tracked deals

6

6 tracked deals across 2022-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

6 buyout

Afya Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Afya. 4 2022 1 2024 1 2025

Supporting Data

Recent Transactions

  • Buyer
    Afya Limited
    Target
    Faculdade Masterclass Ltda. (FACULDADE ÚNICA DE CONTAGEM / FUNIC)
    Industry
    Education
    Location
    Minas Gerais, Brazil
    Type
    Buyout

    Afya Limited closed the acquisition of 100% of Faculdade Masterclass Ltda. (FACULDADE ÚNICA DE CONTAGEM, “FUNIC”), a pre‑operational medical school in Contagem, Minas Gerais, Brazil. The aggregate purchase price is R$100 million (R$60m paid in cash on May 7, 2025; R$40m in three annual CDI‑adjusted installments) plus contingent consideration for up to 60 additional medical seats if approved by MEC within 36 months.

  • Buyer
    Afya Limited
    Target
    Unidom Participações S.A., Unidompedro, Faculdade Dom Luiz
    Industry
    Education
    Location
    Bahia, Brazil
    Type
    Buyout

    Afya Limited has closed the acquisition of 100% of Unidom Participações S.A., which includes Unidompedro and Faculdade Dom Luiz, expanding Afya's footprint in Bahia, Brazil. The deal adds 300 operational medical school seats and carries an aggregate purchase price of R$660.0 million (cash and installment payments tied to seat authorizations).

  • Buyer
    Afya Limited
    Target
    Sociedade Educacional e Cultural Sergipe DelRey Ltda., Centro Universitário Tiradentes Alagoas (UNIT Alagoas), Faculdade Tiradentes Jaboatão dos Guararapes (FITS Jaboatão dos Guararapes)
    Location
    Brazil
    Type
    Buyout

    Afya Limited entered into a share purchase agreement to acquire 100% of the total share capital of Sociedade Educacional e Cultural Sergipe DelRey Ltda., which operates Centro Universitário Tiradentes Alagoas (UNIT Alagoas) and Faculdade Tiradentes Jaboatão dos Guararapes (FITS Jaboatão dos Guararapes). The deal includes a licensed use of the UNIT and FITS brands for Afya during the first year. The enterprise value is R$825.0 million, with R$575 million paid in cash at closing and R$250 million paid in three annual installments, and is expected to add 340 medical school seats to Afya.

  • Buyer
    Afya Limited
    Target
    Glic
    Location
    São Paulo, Brazil
    Type
    Buyout

    Afya Limited, through its subsidiary Afya Participações S.A., acquired 100% of Glic, a Brazil-based diabetes care and management app. The purchase (enterprise value R$22 million plus up to R$12 million in earn-outs) expands Afya’s digital services into the physician–patient relationship pillar and strengthens its healthtech ecosystem.

  • Buyer
    Afya Limited, Afya Participações S.A.
    Target
    CardioPapers
    Industry
    Education
    Location
    Pernambuco, Brazil
    Type
    Buyout

    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.

  • Buyer
    Afya Limited, Afya Participações S.A.
    Target
    Além da Medicina
    Location
    Brazil
    Type
    Buyout

    Afya Limited executed a purchase agreement to acquire 100% of the total share capital of Além da Medicina through its wholly owned subsidiary Afya Participações S.A. The transaction was structured with an enterprise value of R$16.0 million paid to sellers in cash, with an additional earn-out of up to R$19.2 million tied to 2023 and 2024 revenue goals. Afya later announced the acquisition closed.

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