IFC invests USD255 million in Rede D’Or to expand access to healthcare services in Brazil
15-Dec-14, WebWire
IFC, a member of the World Bank Group, announced today that it will invest $255 million to support the expansion of 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 will lend $50 million from its own account and arrange another $205 million in syndicated loans. The syndicated facility lenders include Santander, Citibank, Proparco and the IFC Managed Co-Lending Portfolio Program, a new syndications platform that offers institutional investors the ability to passively participate in IFC’s future senior loan portfolio. This is IFC’s second investment in Rede D’Or.
“Good health enables people to study, work and care for their families; therefore investments in healthcare and life sciences are a priority for IFC,” said Patrick Leahy, IFC Senior Manager for Latin America. “Our support to Rede D’Or will broaden access to high quality services in Brazil, and also help promote growth of efficient and effective companies that can contribute to a stronger national health system.”