Afya Limited acquired Medicinae for R$9.2 million.
Medicinae (Medicinae Solutions S.A.) is a Brazilian healthcare technology company specializing in healthcare payments and financial services, offering a platform that lets healthcare professionals manage receivables using a FIDC (Receivables Investment Fund). Afya acquired 100% for R$9,172 thousand (R$5,600 cash plus a contingent earn-out of up to R$4,400 tied to 2021 product goals and 2022 revenue). It expands Afya's Digital Services segment into healthcare fintech.
Expands Afya's digital health services with a financial platform that shortens payment cycles and consolidates financial information for healthcare professionals.
Advisory firms were not disclosed for this transaction.