Summary of Proposed Investment
Project Number
8982
Company Name
Consorcio International Hospital, S.A. de C.V.
Date SPI Disclosed
May 18, 1998
Country
Mexico
Industry
Health, Education and Life Sciences
Status
Completed
Sector
Hospitals and Clinics
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Jun 30, 1998
Signed : Nov 4, 1998
Invested : Nov 30, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | MEXICO-CIMA |
| Region | Latin America & Caribbean |
| Sector |
Projected Board DateJune 22, 1998
Company NameConsorcio S.A. de C.V.
Technical Partner and/or Major Shareholders
International Hospital Corporation
Project Cost Including proposed IFC investment
US$20 million, consisting of: (i)a US$6 million C Loan to Consorcio S.A. de C.V.; (ii) a US$7 million C Loan to Hospital Privado de Hermosillo, S.A. de C.V. (“CIMA Hermosillo”); and (iii) a US$7 million A Loan to Medicus S.A. de C.V. (“CIMA Puebla”).
Location of project and Description of site
Mexico, principally in the States of Chihuahua, Sonora and Puebla
Description of Company and Purpose of Project
Consorcio S.A. de C.V. was established in 1992 for the purpose of developing, owning and managing private healthcare facilities in Mexico. Hospitals are operated by Consorcio under the CIMA brandname. The Project is designed to strengthen Consorcio’s existing operations and provide it with the necessary capital to further expand its activities. The Project consists of Consorcio''s investments in affiliated hospitals, the restructuring of the debt of CIMA Hermosillo and the construction of a medical office building adjacent to the CIMA Hermosillo hospital and the construction of a new CIMA hospital and medical office building in Puebla.
Environmental Category and Issues
This is a category B project according to IFC''s environmental review procedure. Environmental, health and safety issues associated with the project include: handling and disposal of solid waste including medical materials (bio-hazardous waste); liquid waste treatment, including sewage; power and water supply; air emissions from boilers and electrical generators; hygiene and implementation of good hospital management practices; CFC-free air conditioning and cold storage equipment; employee health and safety training; and fire protection and safety. The review of the environmental information supplied by the Sponsor indicates a potential issue with the disposal of solid and liquid waste. In both cases, the Sponsor has agreed to a Corrective Action Plan which will bring it in line with the World Bank Guidelines.
The is May 20, 1998 from the Infoshop.
| Date SPI sent to Infoshop | May 18, 1998 |
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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