Summary of Proposed Investment
Project Number
10446
Company Name
Euromedic Diagnostics B.V. & International Hemodialysis Centers B.V.
Date SPI Disclosed
Aug 13, 2001
Country
Eastern Europe Subregion
Industry
Health, Education and Life Sciences
Projected Board Date
Sep 14, 2001
Status
Completed
Sector
Hospitals and Clinics
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Oct 9, 2001
Signed : Nov 14, 2001
Invested : Nov 28, 2001
Project Description
The project involves: (i) expansion of the existing network of Euromedic diagnostic imaging centers in Hungary; (ii) establishment of a network of diagnostic imaging centers in other CEE countries; and (iii) establishment of a network of hemodialysis centers in the region. Most centers are located in local hospitals and space is leased from the associated hospital. Existing centers are certified to the ISO 9002 quality management system international standard, and new centers are in the process of becoming certified. Each center has (or will have) established policies and procedures related to patient and employee health and safety and waste management.
Through the project, Euromedic is extending high quality private healthcare to large and diverse portions of local population thus improving both access to and equity of services. The diagnostic centers are expected to speed the delivery of high quality imaging that will enable faster and more accurate treatment of patients. Euromedic hemodialysis centers have the potential to save the lives of hundreds of patients who would die within weeks of developing end stage renal disease (ESRD) without access to treatment. In addition, by improving the quality of dialysis care, Euromedic will contribute to cost savings due to reduced annual hospitalization and shorter length of annual disability of ESRD patients.
IFC''s primary role will be to provide long-term financing, which is difficult to obtain on reasonable terms for healthcare projects in the countries of Euromedic''s operations. Although some local banks have shown interest in the health sector, their financing is generally limited to short-term loans or leasing.
Through the project, Euromedic is extending high quality private healthcare to large and diverse portions of local population thus improving both access to and equity of services. The diagnostic centers are expected to speed the delivery of high quality imaging that will enable faster and more accurate treatment of patients. Euromedic hemodialysis centers have the potential to save the lives of hundreds of patients who would die within weeks of developing end stage renal disease (ESRD) without access to treatment. In addition, by improving the quality of dialysis care, Euromedic will contribute to cost savings due to reduced annual hospitalization and shorter length of annual disability of ESRD patients.
IFC''s primary role will be to provide long-term financing, which is difficult to obtain on reasonable terms for healthcare projects in the countries of Euromedic''s operations. Although some local banks have shown interest in the health sector, their financing is generally limited to short-term loans or leasing.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Joseph Priel, President,
Fax (36-1) 267-5312.
Fax (36-1) 267-5312.