Afya Limited Announces Medical Seats Increase in FASA Itabuna

Rhea-AI Summary

Afya Limited (NASDAQ: AFYA) announced the authorization of an increase of 64 medical seats at Faculdade Santo Agostinho in Itabuna, Bahia, now totaling 149 seats. This boosts Afya's overall approved medical seats to 2,823, potentially serving around 20,326 students at maturity, considering financial aid programs. As of September 30, 2022, Afya had 17,997 medical students. This growth highlights Afya's position as a leading medical education provider in Brazil, focused on enhancing educational opportunities for future physicians.

Positive

• Increase of 64 medical seats at Faculdade Santo Agostinho enhances enrollment capacity.
• Total approved medical seats increased to 2,823, potentially serving 20,326 students.
• Reinforces Afya's leading position in Brazil's medical education sector.

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 increase of 64 medical seats of Faculdade Santo Agostinho, in the city of Itabuna, located in the state of Bahia.

With the authorization, Afya reaches 149 medical seats on this campus, and 2,823 total approved seats, which will represent around 20,326 students at maturity, considering FIES and PROUNI. In September 30, 2022, Afya had 17,997 medical students.

About Afya:

Afya is a leading medical education group in Brazil based on the 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/20221229005140/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 announcement did Afya Limited make regarding medical seats?

Afya Limited announced the increase of 64 medical seats at Faculdade Santo Agostinho, totaling 149 seats on this campus.

How many total medical seats does Afya have after the recent increase?

With the recent increase, Afya now has a total of 2,823 approved medical seats across its campuses.

How many students does Afya expect to serve with the new seats?

Afya estimates that the increased capacity will allow them to serve approximately 20,326 students at maturity.

What was the number of medical students Afya had as of September 30, 2022?

As of September 30, 2022, Afya had 17,997 medical students enrolled.