Conclina Cumbaya

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Conjunto Clinico Nacional Conclina (Conclina or the Group) has been an IFC client since 2015. It owns: (i) a high complexity, 141 bed private hospital in Quito, Ecuador (Hospital Metropolitano); (ii) a prepaid health plan group operating across Ecuador (Humana); and (iii) an ambulatory network with seven outpatient clinics in Quito, Cumbaya and Guayaquil (Metrored). The project consists of a US$25m corporate loan to finance: (i) the construction of a new up to 70-bed-hospital under the Metropolitano brand in the Cumbaya area of Quito; (ii) two medical towers for doctor’s offices; and (iii) upgrades to the existing infrastructure of Hospital Metropolitano including digital transformation investments (“The Project”). Hospital Metropolitano de San Patricio will be built by a joint venture (JV) between Conclina (60%) and Leimagencorp S.A (Leimagencorp) (40%). The JV’s proposed ~1.8-hector plot is located in the center of Leimagencorp’s 55-hector mixed-use development (referred to as San Patricio Smart Living throughout this document), aspects of which are already under construction. IFC’s loan is limited to the 1.8-hector plot and does not extend to Leimagencorp’s mixed-use development as a whole. In addition to the hospital, the plot will include the medical tower (with consulting rooms), plus commercial units.