Afya Ltd 6-K/A, filed Oct 13, 2020
Afya Ltd (AFYA)
About this 6-K/A
Afya Ltd filed this 6-K/A on October 13, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K/A
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 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 |
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 | Afya Limited Announces iClinic's 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: October 13, 2020
FOR IMMEDIATE RELEASE:
Afya Limited Announces iClinic’s Acquisition
October 13, 2020 – Afya Limited, or Afya (Nasdaq: AFYA) hereby clarifies the announcement made earlier today.
Afya has executed the purchase and sale agreement for the acquisition of 100% of the total share capital of iClinic, through its wholly-owned subsidiary Afya Participações S.A., the consummation of which is subject to certain customary precedent conditions, including diligence-outs.
IClinic is a SaaS model physician focused technology company and the leading medical practice management software in Brazil. They empower doctors to be more independent and have more control over their careers by digitalizing their daily routine, so they can increase their productivity and deliver better healthcare services.
Their portfolio includes:
| · | Electronic Medical Record: First electronic medical record as a SaaS model in Brazil focused on the physician experience; |
| · | Clinical Management System: with this software doctors can schedule patients online, organize their financial records, use marketing tools to promote their clinics and others; |
| · | Telemedicine: platform to provide online consultations fully integrated with doctor’s schedule and records; and |
| · | Physicians Marketplace: website that connects doctors and patients to schedule consultations. |
"With the acquisition of iClinic to our platform, if and when the transaction is concluded, Afya will make another step to become the one stop shop for physicians in Brazil. Besides medical and health education courses and a clinical decisions app, we will enter in a new segment that helps physicians manage their clinics and provide a better service to their patients” said Virgílio Gibbon, Afya’s CEO.
"We founded iClinic to empower doctors with technology in their managerial activities so they can improve their patient experience and provide high quality healthcare to their patients”, said Felipe Lourenço, iClinic’s CEO. “I am very excited to join Afya’s team so we can work together to achieve the same goal.”
On the closing of such transaction, the net purchase price payable to sellers will be approximately R$182.7 million, deducted iClinics’ estimate net debt, of which: (i) 61.5% will be paid in cash, and (ii) 38.5% will be paid in Afya’s class A common shares.
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