M&A Deal Summary

Afya Acquires CardioPapers

On April 5, 2022, Afya acquired internet software and services company CardioPapers for 35M BRL

Acquisition Highlights
  • This is Afya’s 3rd transaction in the Internet Software and Services sector.
  • This is Afya’s 2nd largest (disclosed) transaction.
  • This is Afya’s 7th transaction in Brazil.

M&A Deal Summary
Date 2022-04-05
Target CardioPapers
Sector Internet Software and Services
Buyer(s) Afya
Deal Type Add-on Acquisition
Deal Value 35M BRL

Target

CardioPapers

Recife, Brazil
website
CardioPapers is a medical content and education platform in the Cardiology field, offering courses and books developed by physicians and for physicians, covering all phases of the medical career. CardioPapers is based in Recife, Brazil.

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Buyer(S) 1

Buyer

Afya

Nova Lima, Brazil

website

Category Company
Founded 1999
Sector Education
Employees5,260
Revenue 1.2B USD (2020)
DESCRIPTION

Afya is an operator of medical education group in Brazil based on the 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 of joining as medical students through medical residency preparation, graduation program, continuing medical education activities and their daily practices with digital products. Afya was founded in 1999 and is based in Nova Lima, Brazil.

DEAL STATS #
Overall 7 of 9
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 7 of 9
Country (Brazil) 7 of 9
Year (2022) 2 of 3
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-04 Alem da Medicina

Brazil

Alem da Medicina is a medical content online platform for physicians and medical students that provides educational tools besides technical medical content that can assist them throughout their careers. Its robust content includes mentoring for residency, soft skills, finance, accounting, and investment basics for physicians.

Buy R$16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Glic

Sao Paulo, Brazil

Glic is a free diabetes care and management app solution for physicians and patients that uses technology to improve diabetes education and daily routine practices, connecting users, devices, and health providers. Glic is based in Sao Paulo, Brazil.

Buy R$22M
Mergr

Product

Company

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