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 April, 2021

 

 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

X

  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

X

 

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

X

 

 

 

 

 

TABLE OF CONTENTS

 

EXHIBIT  
99.1 Press release dated April 8, 2021 - Afya Limited Announces Medical Harbour Acquisition

 

 

 

 

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: April 8, 2021

 

 

 

 

FOR IMMEDIATE RELEASE:

 

Afya Limited Announces Medical Harbour Acquisition

 

April 08, 2021 – Afya Limited, or Afya (Nasdaq: AFYA) today announced the acquisition of 100% of the total share capital of Medical Harbour, through its wholly-owned subsidiary Afya Participações S.A.

Medical Harbour offers Educational Health and Medical Imaging Solutions through an interactive platform for anatomical study, 3D virtual dissection and analysis of medical images, which allow the exploration, and knowledge of human anatomy with digital resources.

·Educational Health Solutions: Athena Hub specialized in anatomy was created to support dynamic teaching and allow physicians, teachers and students to interact and manipulate a real human body on a digital platform. Considering the high prices, restriction policies and difficulty on maintaining a human body for anatomy classes, Athena Hub is a perfect solution allowing students to interact with a digital human body instead of the aged and degenerate bodies for educational purposes, in any devices with a Windows 10 system, without the need of VR glasses. The solution count with Virtual Body, anatomy modules, and real exam analysis with photorealistic rendering. Over 50 universities in Brazil are using the solution.
·Medical Imaging Solutions: Athena DICOM and MH Cloud specialized in medical imaging with a range of products that simplifies Radiology and Teleradiology. Allow physicians to visualize, manipulate, share and store medical imaging with the certification of ANVISA (Brazilian Health Agency). The solution has over 24,000 downloads in 180 countries.

 

“We are excited to add Medical Harbour to our portfolio. This acquisition enables Afya to start providing a high quality solution to study the human body, allowing efficient classes and remote lab sessions with greater student acceptance and scalability. Additionally, we will be able to distribute Medical Harbour solutions to all of Afya’s ecosystem, creating B2C and B2B growth opportunities” said Virgílio Gibbon, Afya’s CEO.

 

The aggregate purchase price is R$ 5 million (Enterprise Value) of which 100% paid in cash as the date hereof, equivalent to 3.3x gross revenue expected in 2021. An earn-out of R$ 9 million can be paid related to product development goals for 2021/2022 and revenue achievements for 2023.

 

More information available on: https://ir.afya.com.br/acquisitions

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 their daily practices with digital products.

 

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