Afya Limited Announces Closing of the Acquisition of UNIT Alagoas and FITS Jaboatão dos Guararapes
Summary
The transaction does not enclose the “UNIT” and “FITS” brands, which will be licensed for Afya during the first year of operation. With the acquisition, Afya further consolidates its presence in the Brazilian Northeast, entering a new state in the region. 2024 projected Net Revenue for UNIT Alagoas and FITS Jaboatão dos Guararapes is expected to be R$261 million at full maturity, with medical courses representing 87% of this amount. As part of the transaction, and a strategic educational partnership, Afya’s selected digital solutions - such as Medcel, Whitebook, and Medical Harbour -, will be provided free of charge for medical students of UNIT Sergipe and FITS Goiana, campuses not included in the business combination. “We are very excited and honored to announce the acquisition of premium selected assets from UNIT, which will reinforce our presence in the Northeast region of Brazil and mark our entrance into the state of Alagoas through one of the most respected and best academic quality institutions.