México City, November 14th, 2018.
The International Finance Corporation (IFC), member of the World Bank Group,
announced it has made an equity investment in Clínicas del Azúcar, the
largest chain of specialized diabetes clinics in Mexico, with the objective
to support the launch of new clinics and the development of its digital
strategy. The round also includes the participation of Promotora
Social Mexico and The Social Entrepreneurs fund.
Clínicas del Azúcar provides a comprehensive
approach for the management of diabetes at price points affordable to middle
and lower income patients. The company has 13 clinics across the northeast
of Mexico, where it has treated more than 30,000 patients and prevented
more than 15,000 complications since inception. The clinics offer their
services through a subscription model, where patients receive an annual
membership to access an integrated set of services including medical consultations,
diagnostics, and both nutritional and psychological services.
“We are very excited to partner with IFC”
said Javier Lozano, CEO of Clínicas del Azucar. “Right now, we have
a unique opportunity to work together with the sector and transform Mexico
in one of the leaders in the development of technology and innovation in
diabetes care. This investment will help us not only to continue expanding
our social mission to many more patients, but will also have an incredible
impact creating more than 300 new jobs and preventing more than 20,000
Since launching its first clinic in 2011
in Monterrey, Nuevo León, Clínicas del Azúcar integrates information technology
and data analytics to monitor patients more effectively. The digital strategy
includes to continue to implement artificial intelligence into its
daily operations and to help personalize patient care and improve quality
and treatment outcomes.
“IFC is pleased to support Clínicas del
Azúcar´s mission to reduce the harmful impact that diabetes has on lower-income
groups across Mexico,” said Gabriel Goldschmidt, IFC’s Regional Director
for Latin America and the Caribbean. “Supporting innovative, data-driven
healthcare models to combat non-communicable diseases is part of IFC’s
inclusive strategy of providing individuals with access to better services
and solutions, ranging from healthcare to financial services, education,
and employment,” he added.
Mexico has one of the highest burdens of
disease from diabetes in the world and the epidemic was declared a national
emergency by the Government of Mexico. Diabetes is now estimated to cause
more than 80,000 deaths per year in the country. The lack of effective
disease management contributes to the rising burden of disease from diabetes.
Clínicas del Azúcar contributes to fighting this problem in a significant
and effective manner.
“IFC’s investment in Clínicas del Azúcar
further augments our health technology portfolio, where we have invested
more than US$50 million globally in recent years to support innovative
companies using technology to improve access to health and lower costs
globally,” said Nikunj Jinsi, Global Head of IFC’s Venture Capital Group.
“The Company is on an exciting growth path and we look forward to working
alongside our partners to the journey ahead” he added.
Diabetes is one of four priority non-communicable
diseases targeted for action by world leaders. Having diabetes triples
the risk of a heart attack and increases the risk of stroke, kidney failure,
blindness and complications in pregnancy. Globally, the private sector
is increasingly being asked to play a role as healthcare provider in such
programs. Supporting companies tackling chronic diseases like diabetes,
as Clínicas del Azúcar is doing, is a core part of IFC’s strategy in health
IFC—a sister organization of the World Bank
and member of the World Bank Group—is the largest global development institution
focused on the private sector in emerging markets. We work with more than
2,000 businesses worldwide, using our capital, expertise, and influence
to create markets and opportunities in the toughest areas of the world.
In FY17, we delivered a record $19.3 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 www.ifc.org.
About Clínicas del Azucar
Clínicas del Azúcar is the largest private
provider of diabetes care in the country. Through a one-stop shop model
Clínicas del Azúcar provides all the needs a patient with diabetes needs
and create access to the majority of the population. Currently, they operate
clinics in the northeast of Mexico and have plans to continue growing and
expanding throughout the country to combat the health issues in the country
and reduce diabetes-related complications.