PROJECT

Projects

Summary of Investment Information

Project Number

38612

Company Name

NOTRE DAME INTERMEDICA SAUDE SA

Date SPI Disclosed

Nov 22, 2016

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jan 18, 2017

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

May 14, 2020

Department

Regional Industry MAS LAC & EUR

Industry

Health, Education and Life Sciences

Previous Events

Approved : Jun 9, 2017

Sector

Other Medical

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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation