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Stock impact report

Afya to Expand Medical Education Reach With FUNIC Acquisition [Yahoo! Finance]

Afya Limited - Class A Common Shares (AFYA) 
Last afya limited - class a common shares earnings: 12/2 07:12 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company has announced a share purchase agreement to acquire 100% of Faculdade Única de Contagem (FUNIC) through its subsidiary, Afya Participações S.A. Located in Contagem, a city in the metropolitan area of Belo Horizonte, Minas Gerais, FUNIC will become Afya's fifth medical school in the state. The acquisition brings an immediate addition of 60 medical school seats, further enhancing Afya's capacity to educate future healthcare professionals. With a pre-operational campus already equipped for academic activities, FUNIC is poised to become an academic hub supporting Afya's other medical campuses across Minas Gerais. The total purchase price for the acquisition is R$ 100 million, with R$ 60 million to be paid upfront in cash at closing. The remaining R$ 40 million will be settled in three annual installments, adjusted by Brazil's interbank interest rates. Additionally, there is potential for an expansion of 60 more seats. If approved by Brazil's Ministry of Education within th Show less Read more
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