Afya Limited acquired Medcel for R$259.1 million.
On March 29, 2019, as part of a corporate reorganization, BR Health and Guardaya were merged into Afya Brazil, transferring 100% of Guardaya, Medcel Editora and CBB Web to Afya. Medcel is Afya's digital medical-education arm, providing preparatory courses and specialized content for doctors and medical-residency candidates, and forms the core of the company's Business Unit 2 (continuing education). The transaction also brought a 15% interest in UEPC (a medical school with 120 undergraduate medical seats), with a further 15% of UEPC contributed on June 18, 2019.
The acquisition gave Afya a digital continuing-medical-education platform, extending its offering beyond undergraduate campuses; the goodwill recognized was attributed to expected synergies and other benefits of the transaction.
Advisory firms were not disclosed for this transaction.