Intermed

completed

MCS Group, the leading Mongolian business group and a long standing IFC client on several investments; MMC, Mongolia’s largest listed mining company and an affiliate of MCS; and Shunkhlai - another prominent Mongolian business group (“Sponsors”) are jointly building an international class general hospital (Mongolia’s first) in the capital, Ulaanbaatar. The hospital will contain 90 inpatient beds, an outpatient facility, and a pharmacy (the “Project”). The Project began construction in July 2010 and at the time of IFC visit in July 2013, was nearly 70% complete, with building structure almost completed and internal fit out work underway. The hospital opening is expected in November 2013. For this Project, Vamed - a specialized international medical services consultancy firm – is providing medical equipment procurement, installation and commissioning services. Samsung has been providing technical services to assist in the construction phase (including providing clinical staff, training, and implementing a Health Information System (HIS), and a partnership agreement with Korea University Medical Center (one of the leading university hospitals in Korea) has been entered into. This partnership entails mutual cooperation between the various medical departments of the two institutions, with training, staff support and remote diagnosis being provided from Korea.