{"id":59625,"date":"2024-07-02T01:04:22","date_gmt":"2024-07-01T23:04:22","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/afya-limited-announces-closing-of-the-acquisition-of-unidompedro-and-faculdade-dom-luiz\/"},"modified":"2024-07-02T01:04:22","modified_gmt":"2024-07-01T23:04:22","slug":"afya-limited-announces-closing-of-the-acquisition-of-unidompedro-and-faculdade-dom-luiz","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/afya-limited-announces-closing-of-the-acquisition-of-unidompedro-and-faculdade-dom-luiz\/","title":{"rendered":"Afya Limited Announces Closing of the Acquisition of Unidompedro and Faculdade Dom Luiz"},"content":{"rendered":"
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NOVA LIMA, Brazil–(BUSINESS WIRE)–Afya Limited (Nasdaq: AFYA; B3: A2FY34) (\u201cAfya\u201d or the \u201cCompany\u201d),<\/b> the leading medical education group and medical practice solutions provider in Brazil, in addition to the Press Release released by the Company on May 2nd<\/sup>, 2024, announced today the closing of its acquisition, through its wholly-owned subsidiary Afya Participa\u00e7\u00f5es S.A., of 100% of the total share capital of Unidom Participa\u00e7\u00f5es S.A. (\u201cUnidompedro\u201d and \u201cFaculdade Dom Luiz\u201d), present in Salvador (BA), Luis Eduardo Magalh\u00e3es (BA), Barreiras (BA) and Ribeira do Pombal (BA).<\/p>\n

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\nThe acquisition contributes 300 operational medical school seats to Afya in Salvador, one of Brazil’s largest cities. The authorization request for these 300 seats was made to the Ministry of Education (“MEC”) before the Mais M\u00e9dicos\u00b4 Law was enacted and MEC concluded its analysis and issued Ordinance 630\/2020 (“Ordinance”) in 2020 to partially authorize the operation considering 125 medical seats. In 2021, as a result of a judicial order, MEC reviewed the Ordinance to authorize the 300 seats initially requested by Unidompedro. Said decision was confirmed by a judgment in 2023. Currently, Unidompedro has 300 seats authorized, of which 125 are final and 175 are subject to a final conclusion of the aforementioned court proceedings.<\/p>\n

\nThe aggregate purchase price was R$ 660.0 million, and the estimated Net Debt was deducted from the down payment. The price and payment conditions are:<\/p>\n