{"id":477623,"date":"2021-04-16T17:04:05","date_gmt":"2021-04-16T21:04:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/afya-limited-announces-cliquefarmas-acquisition\/"},"modified":"2021-04-16T17:04:05","modified_gmt":"2021-04-16T21:04:05","slug":"afya-limited-announces-cliquefarmas-acquisition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/afya-limited-announces-cliquefarmas-acquisition\/","title":{"rendered":"Afya Limited Announces Cliquefarma\u2019s Acquisition"},"content":{"rendered":"
\n

NOVA LIMA, Brazil and MINAS GERAIS, Brazil, April 16, 2021 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA) today announced the acquisition of 100% of the total share capital of Cliquefarma, a healthtech company operating a free-to-use\u00a0website\u00a0that tracks\u00a0prescription drugs, cosmetics and personal hygiene product prices in Brazil.<\/p>\n

Users of Cliquefarma can easily search for medications or healthcare products and compare prices from over 5,000 pharmacies in Brazil. The traffic generated is monetized through a cost-per-click model, where drugstores pay for each click on their ads.<\/p>\n

\u201cThe acquisition of Cliquefarma will enhance our Digital Prescription pillar, creating the opportunity to leverage traffic and GMV with prescriptions generated from Afya\u2019s Physician Ecosystem. As an example, iClinic\u2019s prescriptions generated in 2020 totaled 3.4 million.<\/p>\n

We are also very pleased that Angelo Alves and Cezar Machado, Cliquefarma\u2019s founders, will join Afya\u2019s Digital team bringing more than 25 years of experience in the healthtech market,\u201d said Virg\u00edlio Gibbon, Afya\u2019s CEO.<\/p>\n

In 2020 Cliquefarma generated traffic of 20 million visitors and R$ 43.2 million in GMV (Gross Merchandise Volume), the latter representing a 52.9% growth compared to 2019.<\/p>\n

The aggregate purchase price is R$ 19 million (Enterprise Value) of which 84.2% paid in cash and 15.8% is paid in Afya stocks as the date hereof. An earn-out of R$ 3 million can be paid related to product development. This aggregate purchase price is equivalent to a 4.1x gross revenue multiple for 2021 expected gross revenue.<\/p>\n

\n About Afya <\/strong>\n <\/p>\n

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.<\/p>\n

\n Contact<\/strong>: Investor Relations: ir@afya.com.br<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NOVA LIMA, Brazil and MINAS GERAIS, Brazil, April 16, 2021 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA) today announced the acquisition of 100% of the total share capital of Cliquefarma, a healthtech company operating a free-to-use\u00a0website\u00a0that tracks\u00a0prescription drugs, cosmetics and personal hygiene product prices in Brazil. Users of Cliquefarma can easily search for medications or healthcare products and compare prices from over 5,000 pharmacies in Brazil. The traffic generated is monetized through a cost-per-click model, where drugstores pay for each click on their ads. \u201cThe acquisition of Cliquefarma will enhance our Digital Prescription pillar, creating the opportunity to leverage traffic and GMV with prescriptions generated from Afya\u2019s Physician Ecosystem. As an example, iClinic\u2019s prescriptions generated in 2020 totaled … <\/p>\n

Continue reading “Afya Limited Announces Cliquefarma\u2019s Acquisition”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-477623","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAfya Limited Announces Cliquefarma\u2019s Acquisition - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/afya-limited-announces-cliquefarmas-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Afya Limited Announces Cliquefarma\u2019s Acquisition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NOVA LIMA, Brazil and MINAS GERAIS, Brazil, April 16, 2021 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA) today announced the acquisition of 100% of the total share capital of Cliquefarma, a healthtech company operating a free-to-use\u00a0website\u00a0that tracks\u00a0prescription drugs, cosmetics and personal hygiene product prices in Brazil. Users of Cliquefarma can easily search for medications or healthcare products and compare prices from over 5,000 pharmacies in Brazil. The traffic generated is monetized through a cost-per-click model, where drugstores pay for each click on their ads. \u201cThe acquisition of Cliquefarma will enhance our Digital Prescription pillar, creating the opportunity to leverage traffic and GMV with prescriptions generated from Afya\u2019s Physician Ecosystem. 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