Tlalnepantla, Mexico, December 9, 2010—IFC,
a member of the World Bank Group, announced today the signing of a public-private
partnership between the Social Security Institute of the State of Mexico
and privately held developer Marhnos to finance, build, equip, and maintain
a new hospital in Tlalnepantla, Mexico under a 25-year contract structured
The new hospital will replace an outdated
facility and provide patients with improved services, while creating a
business model for high-quality health care in the state.
Under an innovative partnership, the
institute, or ISSEMyM, will be responsible for the hospital’s medical
staff and pharmaceuticals, while Marhnos will be responsible for construction,
facility management and non-clinical services. Marhnos will also provide
all medical equipment and consumables during the lifetime of the contract.
By introducing private sector best practices, the partnership will deliver
enhanced medical services for 6,000 inpatients and 20,000 outpatients annually,
while reducing the overall cost of the hospital by a third.
Incorporating a large number of services
delivered by the private partner, this public-private partnership is the
most advanced of its kind in Mexico’s health sector. It was well received
by the market, attracting competitive bids from four consortiums representing
The project, just outside Mexico City,
also will benefit from an innovative financial structure. Mexican pension
funds will contribute to the equity of the project through an equity-structured
note that will be issued by Marhnos.
Marhnos is expected to invest $60 million
in the construction and equipment during a 12-month period.
“Improving health services to our population
and maintaining a healthy financial position are top priorities for ISSEMyM,”
said Dr. Osvaldo Santin, Director of the Institute. “IFC’s knowledge
and global experience helped us to achieve both.”
Roberto Albisetti, IFC
Country Manager for Mexico and Central America, said, “Together, the Mexican
State, Marhnos, and IFC are helping to make high-quality health care available
to the ISSEMyM’s insured population, while launching a new generation
of health public-private partnerships in Mexico.”
IFC received donor support from the
Catalonia IFC Trust Fund. IFC served as the financial advisor to ISSEMyM
with the consulting firm Currie & Brown providing technical advice
and JŠuregui, Navarrete y Nader, S.C. providing legal advice.
For more information about IFC’s PPP
Transaction Advisory Services, visit www.ifc.org/infrastructureadvisory.
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in developing countries. We create opportunity for people to escape poverty
and improve their lives. We do so by providing financing to help businesses
employ more people and supply essential services, by mobilizing capital
from others, and by delivering advisory services to ensure sustainable
development. In a time of global economic uncertainty, our new investments
climbed to a record $18 billion in fiscal 2010. For more information, visit