Tunis, Tunisia, June 16, 2011—IFC,
a member of the World Bank Group, is investing the local currency equivalent
of up to $8.2 million in Tunisia’s Amen Santé health care company to support
the company’s expansion plans and increase access to health services in
IFC’s first-ever equity investment in Tunisia’s health care sector will
support the private provision of services to publicly-funded patients in
Amen Santé’s facilities, and broaden access to affordable private health
care for lower-income groups and those in remote and underserved regions
of the country.
“We are very pleased with IFC’s investment in Amen Santé as we believe
it demonstrates confidence in our business model and a shared belief in
the benefits that private health care can bring, particularly for those
not reached by the current system,” said Mohamed Ben Hmida, General Manager
of Amen Santé .
IFC’s investment will support Amen Santé’s plans to build a large-scale
private general hospital and expand a clinic in Tunis, expand a clinic
in Gafsa in southwestern Tunisia, and build a new secondary-level clinic
in Beja, in Tunisia’s northwest. Amen Santé also plans to expand
its presence into neighboring markets in Northern and Sub-Saharan Africa
over the next few years through various arrangements, including pre-hospitalization
clinical services, and public-private partnerships.
"This partnership with IFC, whose international experience and expertise
will contribute to the development of health services in Tunisia, will
also benefit Group Amen's international outreach on both a regional and
continental scale," said Rachid Ben Jemia, Chairman and CEO of Assurances
COMAR, Amen Santé’s largest shareholder.
IFC believes that Amen Santé’s successful expansion will show other potential
investors in the sector the social and economic rewards that a more robust
private health care system can bring.
“IFC is committed to working in Tunisia to ensure the country has the
infrastructure in place, including health and education services, to support
the kind of progress and job growth its people are demanding,” said Guy
Ellena, IFC Director, Manufacturing, Agribusiness and Services Department
in Europe, Middle East, and North Africa. “This project also sends a strong
signal of investor confidence in Tunisia.”
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 www.ifc.org.