PROJECT

Projects

Summary of Investment Information

Project Number

47589

Company Name

CONJUNTO CLINICO NACIONAL CA

Date SPI Disclosed

Nov 9, 2023

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

Dec 13, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 2, 2024

Department

Regional Industry MAS LAC & EUR

Industry

Health, Education and Life Sciences

Previous Events

Approved : Dec 21, 2023
Signed : Mar 6, 2024
Invested : May 31, 2024

Sector

Hospitals and Clinics

Project Description

The proposed investment consists of an IFC A Loan of up to US$25 million to Conjunto Clinico Nacional Conclina (Conclina or the Group), a leading integrated healthcare group based in Ecuador. The Group includes (i) Hospital Metropolitano, the leading high-complexity private hospital with 141 beds in the country which enjoys one of the strongest reputations for quality of care (first and only one accredited by Joint Commission International, JCI - a global healthcare certification), located in Quito; (ii) Humana, the third largest prepaid medicine insurance entity in the country; and (iii) Metrored, an ambulatory care network with 7 outpatient clinics in Quito, Cumbaya and Guayaquil.

The proposed IFC loan will finance: (i) the construction of a new up to 70-bed-hospital under the Metropolitano brand in the Cumbaya area of Quito; (ii) two medical towers for doctor’s offices; and (iii) upgrades to the existing infrastructure of Hospital Metropolitano including digital transformation investments (“The Project”).

                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation