PROJECT

Projects

Summary of Investment Information

Project Number

35836

Company Name

CIEL HEALTHCARE LIMITED

Date SPI Disclosed

Apr 10, 2015

Country

Africa Region

Region

Africa

Projected Board Date

May 13, 2015

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Health, Education and Life Sciences

Previous Events

Approved : May 29, 2015
Signed : Jun 30, 2015
Invested : Nov 24, 2015

Sector

Hospitals and Clinics

Project Description

Ciel Healthcare Limited (“CHL”) will acquire and manage healthcare entities across Sub Saharan Africa (“SSA”) in association with Fortis Healthcare Limited (“Fortis”). CHL and Fortis have experience in directly and indirectly owning and managing two healthcare entities in SSA. CHL will acquire the entities and post-investment, the entities will be managed by CHL’s wholly owned subsidiary Ciel East Africa Healthcare Limited (operating under the name ‘Ciel Healthcare Africa’ (“CHA”)) which has a management support agreement with Fortis. Under the management contract, each healthcare entity will receive management level staffing support, operational support for processes and protocols, medical and paramedical staff and ongoing training of staff.

The purpose of the Project is to increase access to quality healthcare in SSA by helping to scale small healthcare entities that provide a majority of healthcare services in SSA.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation