The Founder, Chairman and CEO of APMG is Dr. Michael Choy (the “Sponsor”). Prior to starting APMG, he formed healthcare joint ventures including outpatient surgery centers and MRI imaging facilities, etc. He is a Diplomat of the American Board of Podiatric Surgery and a Fellow of the American College of Foot and Ankle Surgery. The largest shareholders of APMG include Cathaya Funds, a U.S. based private equity fund, and Dr. Choy.

Total estimated project cost will be approximately $51.3 million. IFC has been requested to provide up to $30 million in a combination of A Loan and equity to support this expansion. The proposed investment in the Company will support the expansion and refurbishment of its existing facilities in Beijing, Shanghai and Tianjin, as well as its clinics expansion plans in China.

35.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	15.0
Equity	20.0

* These investment figures are indicative

The hospital facilities are located in Beijing, Shanghai and Tianjin.

This project is expected to increase access to high quality medical services, promote dissemination of best operational and clinical practices, provide community health services per the China health care reform blueprint, and generate high quality employment opportunity for medical professionals in China.

IFC will share its knowledge of the private health sector in China and provide strategic advice based on best practices observed in its global portfolio. IFC will provide long term financing which is currently not readily available in the China market. IFC''s investment will also send a positive signal to other investors, which will assist APMG to raise additional capital to support the project.

Based on the site visit to three operational hospitals in Beijing and Shanghai, a clinic in Beijing and the new acquisitions in Tianjin and Beijing, discussions with the client and review of client information by IFC’s Environment and Social Specialist, this project will have limited potential adverse environmental and social impacts. The project has been classified as Category B according to IFC’s Environmental and Social Review Procedure. The key social and environmental aspects associated with the project include: environmental, health, safety, and social management – including waste water management, health care waste management; labor and working conditions, employee and contractor occupational health and safety, including training and housekeeping; disinfection, sterilization, hygiene and implementation of good hospital management practices required to prevent infections among patients and employees; community health, safety and security during construction and operational phase – including radiation hazards, traffic management, and security services; and life and fire safety, including emergency response.

The project may result in a limited number of specific environmental and social impacts that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. APMG will manage its environmental and social performance in accordance with applicable local laws and regulations and international standards, including IFC’s Performance Standards on Social and Environmental Sustainability, IFC''s Environmental, Health and Safety General Guidelines and Guidelines for Health Care Facilities.