PROJECT

Projects

Environmental Review Summary

Project Number

24052

Company Name

Beijing United Family Hospital Co., Ltd.

Date ERS Disclosed

Aug 9, 2005

Country

China

Region

East Asia and the Pacific

Date Revised ERS Disclosed

Aug 12, 2005

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Sep 16, 2005
Signed : Oct 13, 2005
Invested : Oct 18, 2005

Sector

Hospitals and Clinics

Industry

other

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

The project is an investment in the United Family Hospitals’ (UFH) Beijing and Shanghai facilities, including: - completion of a 50-bed hospital in Shanghai; - building and putting into operation a new outpatient clinic in downtown Beijing; - new medical equipment purchases and an upgrade of existing medical equipment and facilities; - an upgrade of its management information system and drug management system; and - establishment of a medical training program targeted at hospital administrators and nurses. The total project cost is estimated at $19.5 million. The proposed IFC loan is for up to $8 million. Approximately $12.7 million of the project financing has already been contributed (including $4.6 million to be refinanced by IFC). The project will expand access to international standard medical services in Beijing and Shanghai. United Family Hospitals is a leading for-profit private healthcare network in China. Its operations in Beijing include: - Beijing United Family Hospital (BJU), a well-established 50 bed general hospital; and - a freestanding outpatient clinic located in the Shunyi district. In Shanghai, UFH opened a 50 bed general hospital, Shanghai United Family Hospital (SHU), in late 2004. Both of UFH’s general hospitals are focused on out-patient, diagnostic, maternity, and pediatric care.

Environmental and Social

Conclusion & Monitoring