06:18 AM EDT, 05/03/2024 (MT Newswires) -- Afya ( AFYA ) said Thursday that it signed a share purchase agreement to acquire Unidom Participacoes through its Afya Participacoes unit for up to 660 million Brazilian reals ($129.1 million).

The company said the acquisition will add 300 operational medical school seats to its network in Salvador, Brazil. Afya ( AFYA ) said Unidom's 2024 revenue is estimated at 110.5 million reals.

Afya ( AFYA ) said the transaction's closing is subject to customary conditions, including antitrust regulators' approvals.