Grupo Salud

completed

The project involves the construction of a new 140-bed hospital in Lima, Clinica Delgado. The hospital will have strong oncology and cardiology operations and will be a referral center for a network of clinics, which are expected to be built in the medium and longer term in the outskirts and outside of Lima. Clinica Delgado will be the first in the country to have a partnership with an international operator, American Hospital Management Company (AHMC). Additionally, this new hospital will create vertical integration for its sponsor, Grupo Salud, which currently has an oncology insurance operation (Oncosalud) and is also involved in a PPP with ESSALUD (local administrator of Social Security) for the construction/operation of a an outpatient facility (known as “Torre Trecca”). The project fits with IFC’s strategy to support the healthcare sector in the region, including investments in Peru. The rationale for pursuing this investment is based on (a) presence of a reputable fund Sponsor, in which IFC has committed an investment, (b) the project’s goal of creating a center of excellence in Lima, offering high quality services, (c) the Sponsor’s medium term goal of expanding in middle income regions outside of Lima, and (d) the opportunity to strengthen IFC’s health and education presence in Peru, which historically has been a difficult market to enter and where private health offer is poor and the population is underserved.