Summary of Proposed Investment
Project Number
10407
Company Name
New Medical Center
Date SPI Disclosed
Aug 28, 2000
Country
Russian Federation
Industry
Health, Education and Life Sciences
Projected Board Date
Nov 15, 2000
Status
Completed
Sector
Hospitals and Clinics
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Dec 27, 2000
Signed : Apr 11, 2001
Invested : Jan 13, 2003
Project Description
The project consists of the establishment and operation of a New Medical Center. It will include a family medicine clinic, a wide range of speciality outpatient clinics, a full-scale clinical laboratory, imaging diagnostic department, and a small surgical/medical inpatient unit (approximately 20 beds).
IFC primary role would be to provide long-term financing, which is not available in Russia on reasonable terms for a health sector project. In addition, IFC would play a central role in advising sponsors on deal structuring and project scope and implementation plan.
The project will contribute to the implementation of the Russian health sector reforms by (i) mobilizing private resources to complement traditional public funding, (ii) transferring appropriate medical technology and knowledge from Finland, (iii) improving timeliness and quality of services, and (iv) offering greater professional satisfaction to health care workers. The project is expected to have a significant demonstration effect by introducing professional management and a long-term commitment to patient satisfaction and clinical quality. Building on Scanfert''s earlier experience and in line with its overall mission, NMC will offer specialised training courses to medical and nursing professionals from other private and public institutions in the St. Petersburg area.
IFC primary role would be to provide long-term financing, which is not available in Russia on reasonable terms for a health sector project. In addition, IFC would play a central role in advising sponsors on deal structuring and project scope and implementation plan.
The project will contribute to the implementation of the Russian health sector reforms by (i) mobilizing private resources to complement traditional public funding, (ii) transferring appropriate medical technology and knowledge from Finland, (iii) improving timeliness and quality of services, and (iv) offering greater professional satisfaction to health care workers. The project is expected to have a significant demonstration effect by introducing professional management and a long-term commitment to patient satisfaction and clinical quality. Building on Scanfert''s earlier experience and in line with its overall mission, NMC will offer specialised training courses to medical and nursing professionals from other private and public institutions in the St. Petersburg area.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Dr. Ralph Ashorn, Managing Director, Scanfert
e-mail: ralph.ashorn@sci.fi, fax 358-420-639480
e-mail: ralph.ashorn@sci.fi, fax 358-420-639480