PROJECT

Projects

Summary of Investment Information

Project Number

33770

Company Name

Salauno Salud, S.A.P.I. de C.V.

Date SPI Disclosed

Jan 30, 2014

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Mar 10, 2014

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 7, 2017

Department

Equity Portfolio Management

Industry

Health, Education and Life Sciences

Previous Events

Approved : Mar 18, 2014
Signed : Apr 1, 2014
Invested : Jun 6, 2014

Sector

Hospitals and Clinics

Additional Project Attributes

Public-Private Partnerships

Project Description

The proposed investment consists of an approximate US$2.2 million straight equity for a minority stake in SalaUno (“the Company”) in order to finance the expansion of specialized eye care (cataract surgeries) in Mexico. The purpose of the project is to provide specialized eye-care procedures to a large and underserved market in Mexico. As such, it has exceptionally high development impact and a strong strategic fit for IFC. The Company is expanding in a region with rising incidence of eye cataracts where the current supply has insufficient capacity to treat conditions that cause needless blindness. The Project will also reduce geographic, economic and information barriers that prevent patients from restoring their sight.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation