PROJECT

Projects

Summary of Investment Information

Project Number

33449

Company Name

Medical Developers, LLC

Date SPI Disclosed

Oct 21, 2013

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

Nov 21, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Health, Education and Life Sciences

Previous Events

Approved : Nov 22, 2013
Signed : Dec 19, 2014
Invested : May 28, 2015

Sector

Other Medical

Project Description

The proposed investment consists of a senior loan of up to US$5 million equivalent to finance expansion of medical oncology services (primarily radiotherapy) in the Dominican Republic and Mexico. The Project funds will complement equity/lease financing (total project cost US$12.1m equivalent) that will help establish: (i) a new hospital-linked center in Dominican Republic (IFC Tranche A: US$2 million); and (ii) 2 free-standing centers in Mexico (IFC Tranche B: US$3 million equivalent peso-linked). The Project is aimed at supporting Medical Developers, a new IFC client with more than 30 years of experience and diversified operations throughout Latin America that focuses on providing a wide and most-advanced range of radiation therapy services for cancer treatment.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation