28144 - Rede D'Or

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Summary of Proposed Investment

Project Number

28144

Company Name

REDE D'OR SAO LUIZ SA

Date SPI Disclosed

Apr 19, 2010

Country

Brazil

Industry

Health, Education and Life Sciences

Projected Board Date

May 19, 2010

Status

Completed

Sector

Hospitals and Clinics

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

B - Limited

Previous Events

Approved : Jul 1, 2010
Signed : Jul 6, 2010
Invested : Dec 29, 2011

Project Description

Founded in 1977, Rede D’Or (“Rede D’Or” or the “Company”) is a for-profit healthcare company that owns a network of46 image centers and laboratories for medical diagnostics and 16 hospitals (including three under construction at the time of appraisal) with over 1,500 beds total, in the states of Rio de Janeiro and Pernambuco. The company plans to invest over the next 4 to 5 years to support its organic growth strategy to expand existing facilities and build four new hospitals (three already under construction) to reach 2,700 beds total. The group also plans to acquire new hospitals.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	49.59
Equity

Development Impact

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental and social impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria.

Key environment, health and safety and social aspect of the project which were analyzed during IFC’s review were the Management Systems, Construction and operation of any new hospitals, Employee health and safety activities, Life and fire safety (including escape routes), Certifications, Contingency, Emergency and Evacuation plans, Labor and working conditions, Energy conservation, Solid waste management and Permitting.

Contacts

For Inquiries About the Project, Contact

Paulo Moll - Director pamoll@rededor.com.br +55 21 3239-4747 Rua Voluntarios da Patria, 138 - sobreloja Botafogo 22270-010 Rio de Janeiro - RJ

For Inquiries and Comments About IFC, Contact

General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384E Mail: Webmaster

Local Access of Project Documentation

Rua Voluntarios da Patria, 138 - sobreloja Botafogo 22270-010 Rio de Janeiro – RJ

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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