São Paulo, June 8, 2017 — IFC, a member
of the World Bank Group, is investing $210 million (equivalent to BRL 682
million) to support the expansion of Rede D’Or São Luiz (Rede D’Or),
the largest network of private hospitals in Brazil. IFC’s investment will
help expand access to quality healthcare services in Brazil.
IFC’s is lending $130 million from its own account, which loan could be
provided either in US Dollars or in Brazilian reais. In addition, IFC is
mobilizing another $80 million through a loan syndicated to Banco Santander.
“We are excited to invest in Rede D’Or for the third time in the past
seven years. Partnerships such as this are critical to IFC’s goal to help
broaden the access to high-quality and value-added services in Brazil,”
said Carmen Valéria de Paula, IFC’s Principal Investment Officer of
Health and Education Sector. “Investing in efficient and effective
companies can contribute to stronger national health system, helping to
increase quality of life in emerging markets,” she adds.
“By enhancing our ties with a reputable institution such as IFC, we also
enhance our commitment not only to the Brazilian health sector but also
to the country, where we have been actively investing to provide world-class
hospital services and high-quality assistance to our patients and to the
medical community,” said Heráclito Gomes, CEO of Rede D'Or São Luiz.
Rede D’Or’s network of private hospitals in Brazil is comprised of 34
hospitals, with more than 5,000 beds and two hospitals under management.
IFC’s facility will support Rede D’Or’s expansion program, which includes
the building of new, larger, and more cost-effective hospitals, and will
create about 3,600 additional hospital beds.
Brazil spends about eight percent of its GDP on health care, and expenditures
are growing rapidly. Still, the country faces a shortage of hospital capacity
and qualified healthcare professionals, hindering efforts to expand access
to quality services. The private sector provides healthcare coverage for
about 48 million, or about one in four Brazilians.
IFC, the world's largest multilateral investor in private healthcare, manages
an active global portfolio of about $2 billion in health services, which
includes hospitals, clinics, diagnostic chains, Health Maintenance Organizations,
and life sciences including pharmaceuticals, vaccines, and medical technology.
IFC provides investment and advisory services to expand access to quality
healthcare, introduce innovations in financing and delivery of services,
improve quality and efficiency, and complement public sector efforts to
achieve national health goals. In Brazil, IFC’s portfolio in the healthcare
sector reached $312 million. (Figures are as of March 2017, and include
resources from IFC’s own account and mobilization.)
IFC has been investing in Brazil’s private sector since 1956 to address
the country’s most critical development challenges, including those of
the urbanization, social inclusion, competitiveness and productivity, and
management of natural resources.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in emerging markets. Working
with more than 2,000 businesses worldwide, we use our capital, expertise,
and influence to create markets and opportunities in the toughest areas
of the world. In FY16, we delivered a record $19 billion in long-term financing
for developing countries, leveraging the power of the private sector to
help end poverty and boost shared prosperity. For more information, visit
About Rede D’OR
Established in Rio de Janeiro 40 years ago, with units in São Paulo, Pernambuco,
and Brasília, Rede D'Or São Luiz believes the commitment to health is based
on humanized care, and needs to count on high technology, high standards
of quality, and comfort for patients, collaborators, and physicians. Rede
D’OR believes that everything needs to be thought to make the health care
experience more efficient.
Rede D'Or São Luiz is improving its health services through the "star"
concept, developed for a population with high-end profile, and inaugurated
in October 2016 CopaStar, the first unit in this line. There are projects
already underway to expand this concept, not only in general hospitals,
but also the specialized ones. This new concept consists of the "state
of the art in health", designed to offer patients comfort and unparalleled
experience in the care of their health.
Technology is also present in all units, with state-of-the-art equipment
in diagnosis, treatment, and surgery. The robotics program, already consolidated
in Rede D'Or São Luiz with more than 1,000 procedures per year, stands
out in the national scenario. The company is also involved in expanding
medical knowledge, promoting and supporting scientific events, offering
training programs in robotic surgery, and has a Realistic Simulation and
Training Center, managed by the D'Or Institute for Research and Teaching.