PROJECT

Projects

Summary of Investment Information

Project Number

38066

Company Name

ACIBADEM CITY CLINIC B.V.

Date SPI Disclosed

Dec 7, 2016

Country

Bulgaria

Region

Europe

Projected Board Date

Jan 10, 2017

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Mar 28, 2025

Department

Regional Industry MAS LAC & EUR

Industry

Health, Education and Life Sciences

Previous Events

Approved : Feb 9, 2017
Signed : Apr 19, 2017
Invested : May 10, 2017

Sector

Hospitals and Clinics

Project Description

Acibadem Healthcare Group (“AHG” or “Acibadem” or the “Sponsor” ) invited IFC to invest in Acibadem City Clinic B.V., a Special Purpose Vehicle (“SPV” or “AHGB” or the “Company”) established by AHG, its subsidiary Acibadem Sistina (“Sistina”) and several existing shareholders of City Clinic to acquire Tokuda Hospital in Sofia and to consolidate it with City Clinic’s operations in Sofia, Varna and Burgas creating the largest private hospital and clinic network in Bulgaria (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation