Afya (AFYA)

Afya’s largest business is undergraduate education, especially medical school programmes. The company also offers courses in other areas, including dentistry, nursing, psychology, law, engineering, management, and accounting, though medicine remains central to its identity and economics. Undergraduate tuition provides a recurring revenue base, supported by regulated seat availability and the long duration of medical degrees.

Beyond degree programmes, Afya operates a continuing education segment that serves doctors and healthcare professionals through specialisation courses, postgraduate programmes, and lifelong learning content delivered both online and in person. This allows the company to maintain a relationship with physicians after graduation and broaden its revenue sources beyond campus-based education.

Afya also provides digital medical practice solutions. These tools are designed to help physicians with clinical decision support, practice management, doctor-patient interaction, and workflow efficiency. By combining education with technology-enabled services, the company seeks to serve multiple stages of a medical professional’s career.

For investors, AFYA offers exposure to private healthcare education in Brazil, with a business model shaped by regulation, student demand, tuition affordability, acquisitions, and the increasing use of digital tools in medical practice.