February 24, 2020
Brazilian medical education group Afya said on Friday that it agreed to buy the private university Centro Universitário São Lucas, or UniSL, for $342 million ($77.8 million).
Afya will take on BRL140 million in debt and pay 70% of the purchase price in cash upon closing the deal. It will pay the remaining 30% in three equal annual installments through 2023, adjusted by the DI interbank lending rate, Afya said in a press release.
UniSL, a medical school in the state of Rondônia, recorded BRL228 m
Brazilian education company agrees to spend $78 mln for UniSL in Rondônia