Asian Hospital 2

completed

Asian Hospital, Inc., (AHI or the company) an existing IFC client, was founded in December 1994 with the strategy of developing the first major private hospital with tertiary care facilities in the southern Luzon corridor of metropolitan Manila. Due to strong demand, the Hospital has reached or is quickly reaching its effective capacity in several service areas. To address this it is planning to enhance its operations and expand its outpatient and inpatient facilities. As well, it plans to normalize its debt structure through the refinancing of the majority of its existing debt. The project cost is estimated at PHP3,056 million. IFC has been invited by Asian Hospital to be the lead lender and arranger for the project and provide a peso denominated A Loan of up to PHP1,260 million. Bumrungrad International Ltd. will participate in the equity financing for the project.