Afya Limited Announces Medical School Authorization – Abaetetuba-PA and Itacoatiara-AM

Rhea-AI Summary

Afya Limited (NASDAQ: AFYA) announces the authorization of two new medical schools in Brazil under the Mais Médicos II program. The schools, located in Abaetetuba (Pará) and Itacoatiara (Amazonas), will each contribute 50 seats, increasing Afya's total operating seats to 2,581 out of 2,731 approved seats. This expansion marks a significant milestone for Afya, cementing its position as a leading medical education group in Brazil.

Positive

• Authorization of two new medical schools increases total operating seats to 2,581.
• Afya now has three and four authorized schools under the Mais Médicos II program.
• Contribution of 100 additional seats enhances Afya's educational capacity.

Negative

• None.

NOVA LIMA, Brazil--(BUSINESS WIRE)-- Afya Limited, or Afya (Nasdaq: AFYA) today announced that the Secretary of Regulation and Supervision of Higher Education of the Ministry of Education (“MEC”) authorized the operations of the medical schools in Abaetetuba, in the State of Pará, and Itacoatiara, in the State of Amazonas, both under Mais Médicos II program.

With the authorizations, Afya reaches its third and fourth authorized schools to start operating under the Mais Medicos II program. Each medical school will contribute with 50 seats and with that, Afya will reach 2.581 operating seats out of 2.731 approved seats.

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 and physicians to transform their ambitions into rewarding lifelong experiences from the moment they join us as medical students through their medical residency preparation, graduation program, continuing medical education activities and offering digital products to help doctors enhance their healthcare services through their whole career.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223005803/en/

Investor Relations Contact:

Afya Limited

ir@afya.com.br

Media Contact:

Cíntia Moraes Marin

cintia.marin@afya.com.br

Source: Afya Limited

FAQ

What recent development has Afya Limited announced regarding its medical schools?

Afya Limited announced the authorization of two new medical schools in Abaetetuba and Itacoatiara under the Mais Médicos II program.

How many operating seats does Afya have after this announcement?

After this announcement, Afya has a total of 2,581 operating seats out of 2,731 approved seats.

In which states are the new Afya medical schools located?

The new Afya medical schools are located in Pará and Amazonas.

What impact does the Mais Médicos II program have on Afya?

The Mais Médicos II program allows Afya to increase its medical education capacity, enhancing healthcare training in Brazil.