Project Description
Grupo NotreDame Intermedica Saude SA (''''Intermedica'''' or the ''''Company'''') is seeking a US$150 million A and B loan long term facilities from IFC (being US$75 million for IFC’s own account) to support the Company’s 2016-2020 investment program. This investment program encompasses (i) maintenance capital expenditures; (ii) capital expenditures in brownfield expansion of its existing hospital and medical centers network; and (ii) potential mergers and acquisitions opportunities (the “Project”).
Founded in 1968, GNDI is one of Brazil’s largest fully integrated health service providers (“HMO”) in Brazil. Currently operating 11 hospitals (1,100+ beds), 63 clinical centers, 48 in-company ambulatories and 117 in-company occupational health services, Intermédica is currently the 3rd largest health insurance provider on number of beneficiaries (1.9 mln lives) in Brazil. Over 93% of Intermedica’s lives are employer-provided and are mostly comprised of low and middle-income individuals. Intermedica also owns the #4 dental care operator in the country, Interodonto, with over 1.1 million beneficiaries, and RH.Vida, for occupational health.