Comar Health

completed

IFC proposes to make equity investments in healthcare holding and management companies organized under the laws of Tunisia to be established by Compagnie Méditerranéenne d'Assurances et de Réassurances (COMAR or the Sponsor). The funding will support an investment program for expansion of an existing private healthcare network in Tunisia, which includes a 339-bed hospital in Tunis, which would be the first full-fledge private hospital in Tunisia; a 48-bed hospital in Gafsa, located in southeastern Tunisia; a 50-bed hospital in Beja, located in northwestern Tunisia; and working capital, pre-operating expenses and contingencies. The Tunis hospital will be multidisciplinary, with focus on core specialties (cardiology, orthopedics, neurology and oncology) and will attend patients seeking reimbursement under a national health insurance scheme (restructured in the last two years to offer public patients cover for treatment in private hospitals) as well as privately insured and self-paying patients. The Gafsa and Beja facilities will provide cardiology, gynecology and orthopedic services to regions of Tunisia that lack tertiary health care facilities. Future phases of expansion could include other regional facilities, as well as international facilities in nearby countries such as Mauritania.