Afya Limited Announces MedPhone’s Acquisition

Rhea-AI Summary

Afya Limited (Nasdaq: AFYA) announced its acquisition of 100% of MedPhone for R$6.4 million in cash. MedPhone is a clinical decision-making app in Brazil with over 175,000 registered users and a monthly active user base of 58,000, boasting a high Net Promoter Score of 75 and an app rating of 4.9 out of 5 from over 9,100 reviews. The integration of MedPhone’s services with Afya’s PEBMED platform is expected to create synergies and enhance product offerings in the healthcare market.

Positive

• Acquisition of MedPhone for R$6.4 million expands Afya's digital healthcare offerings.
• MedPhone has a strong user base with over 175,000 registered users and high engagement (58,000 monthly active users).
• Synergies expected from integrating MedPhone with Afya's existing PEBMED platform.

Negative

• None.

NOVA LIMA, Brazil, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Afya Limited, or Afya (Nasdaq: AFYA) today announced the acquisition of 100% of the total share capital of MedPhone, through its wholly-owned subsidiary Afya Participações S.A.

MedPhone is a clinical decision and leaflet consultation app in Brazil, that helps physicians, medical students and other healthcare professionals to make faster and more accurate decisions on a daily basis. MedPhone has more than 175,000 registered users and more than 58,000 monthly active users, with a NPS of 75. The app has more than 9,100 reviews in AppStore with a 4.9 out of 5 score.

The integration of MedPhone’s clinical decision software with PEBMED will create great synergy and allow us to offer both products through the same platform.

The net purchase price was R$6.4 million and was paid in cash.

About Afya

Afya is a leading medical education group in Brazil based on number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students to be lifelong medical learners from the moment they join us as medical students through their medical residency preparation, graduation program, and continuing medical education activities.

Contact: Investor Relations: ir@afya.com.br

FAQ

What is the significance of Afya's acquisition of MedPhone?

The acquisition enhances Afya's digital healthcare capabilities and allows for integration with existing services.

How much did Afya pay for MedPhone?

Afya paid R$6.4 million in cash for the acquisition of MedPhone.

What features does the MedPhone app offer?

MedPhone provides clinical decision support and leaflet consultation for healthcare professionals.

What are the expected benefits of the MedPhone integration?

The integration is anticipated to create synergies and improve product offerings on the PEBMED platform.