PROJECT

Projects

Summary of Investment Information

Project Number

31477

Company Name

CENTRO HOSPITALARIO SERENA DEL MAR SA

Date SPI Disclosed

Jul 7, 2014

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Jul 31, 2014

Environmental Category

B - Limited

Status

Active

Last Updated Date

Feb 26, 2017

Department

Regional Industry MAS LAC & EUR

Industry

Health, Education and Life Sciences

Previous Events

Approved : Dec 17, 2014
Signed : Apr 6, 2015
Invested : Jan 18, 2017

Sector

Hospitals and Clinics

Project Description

The Haime family (via its Foundation) will build a 410 bed high quality hospital in Cartagena, in association with Fundacion Santa Fe de Bogota. This hospital will be built in three phases; for the first phase there will be 151 beds. The design of the hospital will be at the level of the best hospitals in Latin America, and will have the latest technology in medical equipment.

The project caters to the population of Cartagena and the Atlantic coast of Colombia, where hospital infrastructure is insufficient, especially for high complexity services. In general terms of medical service (low and high complexity), the Atlantic Coast region has 8.5 beds per 10,000 inhabitants, below Colombian average of 10 beds per 10,000 inhabitants and significantly below the levels of Argentina and Brazil (40 and 24 beds per 10,000 inhabitants respectively).

The project fits with IFC’s strategy to support health care in the region by increasing access to high-quality health care, improving standards of quality and efficiency, facilitating the exchange of best practices, and creating jobs for skilled professionals. Aside from fulfilling these requirements, this project also fits with the Government of Colombia’s (GoC) priority to increase the provision of health services.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation