UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January, 2020

Commission File Number: 001-38992

 

Afya Limited

(Exact name of registrant as specified in its charter)

 

Alameda Oscar Niemeyer, No. 119, Salas 502, 504, 1,501 and 1,503

Vila da Serra, Nova Lima, Minas Gerais

Brazil

+55 (31) 3515 7550

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F

  Form 40-F  ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes  ☐   No

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes  ☐   No

 

 

 

 

 

TABLE OF CONTENTS

 

EXHIBIT  
99.1 Press release dated January 31, 2020 - Afya Limited Announces Closing of the Acquisition of UniRedentor - Sociedade Universitária Redentor

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    Afya Limited
     
     
      By: /s/ Virgilio Deloy Capobianco Gibbon
        Name: Virgilio Deloy Capobianco Gibbon
        Title: Chief Executive Officer

 

Date: January 31, 2020

 

 

 

Exhibit 99.1

 

FOR IMMEDIATE RELEASE:

 

 

Afya Limited Announces Closing of the Acquisition of UniRedentor - Sociedade Universitária Redentor

 

January 31, 2020 – Afya Limited, or Afya (Nasdaq: AFYA), further to the press release issued by it on November 4, 2019, today announced the closing of its acquisition, through its wholly-owned subsidiary Afya Participações S.A., of 100% of the total share capital of UniRedentor - Sociedade Universitária Redentor, or Uniredentor.

 

UniRedentor is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate courses in medicine in the State of Rio de Janeiro. UniRedentor also offers other health-related undergraduate degrees and graduate programs in medicine and health, as well as other courses.

 

The aggregate purchase price was R$225 million, of which: (i) R$125 million was paid in cash as of the date hereof (the transaction closing date), and (ii) R$100 million is payable in five equal installments through May 2024, adjusted by the CDI rate.

 

In 2019, Uniredentor registered gross revenue of R$131.0 million, an increase of 20% over 2018 and more than 70% of its gross revenue came from health related programs.

 

The acquisition contributed 112 medical school seats to Afya, with a potential 44 additional medical school seats subject to approval by the Brazilian Ministry of Education and will strengthen Afya’s presence in medical graduation courses. The acquisition will increase Afya’s total medical school seats to 1,684.

 

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