Afya to acquire UNIGRANRIO for R$700m.

Afya, a medical education group, agreed to acquire Universidade do Grande Rio Professor José de Souza Herdy, a post-secondary education institution, for R$700m ($134m). “This acquisition is a milestone for Afya. Considering the 308 seats from UNIGRANRIO, we have reached 1,159 seats acquired in less than 2 years, over-delivering our guidance released during IPO,” Virgilio Gibbon, Afya CEO.