Washington D.C./São Paulo, Brazil, October
23, 2007 — IFC, a member of the World Bank Group, will help bridge
the gap in Brazil’s delivery of medical services by financing a private
hospital chain that will increase health services in the underserved eastern
part of São Paulo city. By providing long-term financing to the health
sector, which is typically capital-intensive with long development phases,
IFC is helping to support private health and relieve the burden on Brazil’s
public health system.
IFC will partially finance the furnishing
and equipping of Hospital e Maternidade Anália Franco, a new 334-bed maternity
and general hospital owned by the São Luiz Group.
IFC’s investment consists of a $17
million senior loan with a 13-year final maturity and an additional $17
million in long-term financing that is being mobilized from Banco Santander
Central Hispano, through its New York branch.
Headquartered in São Paulo, the São
Luiz Group is a well-established provider of private health care with an
extensive track record. The company offers a wide range of services through
its two general hospitals and maternity hospital in São Paulo.
A source of best practices for Brazil’s
medical community due to its professional management and training programs,
Hospital São Luiz also participates in several activities that improve
health services in the community.
Atul Mehta, IFC Director for Latin America,
said, “IFC is delighted to support this project which demonstrates the
Brazilian private sector's ability to address key social infrastructure
Guy Ellena, IFC Director for Health
and Education, noted, “The São Luiz Group combines the vision and characteristics
we associate with success, including a professional management team with
clearly established objectives. We hope that IFC’s considerable global
experience in hospitals will be of value to the São Luiz Group and its
According to Andre Staffa, CEO of Hospital
São Luiz, “The new hospital marks an important step in our strategy to
expand to areas where there has long been a great need for high-quality
private health care. We see IFC as an important partner in helping us achieve
our strategic vision. This partnership recognizes our efforts to establish
benchmarks of medical and management excellence and outstanding quality
He added that the new hospital is one
of the first in Brazil to conform to international life and fire safety
IFC, a member of the World Bank Group,
fosters sustainable economic growth in developing countries by financing
private sector investment, mobilizing private capital in local and international
financial markets, and providing advisory and risk mitigation services
to businesses and governments. IFC’s vision is that poor people have the
opportunity to escape poverty and improve their lives. In FY07, IFC committed
$8.2 billion and mobilized an additional $3.9 billion through loan participations
and structured finance for 299 investments in 69 developing countries.
IFC also provided advisory services in 97 countries. For more information,