Smart Hospital: PPP for the renovation of Rio de Janeiro's public hospital

hold

The Smart Hospital (the “Project”) is a Public-Private Partnership (PPP) aimed at modernizing and providing operation and maintenance services for the Souza Aguiar Hospital Complex, Rio de Janeiro’s largest emergency healthcare facility.Currently, the Project serves the Brazilian public health system. It includes 551 beds, surgery rooms, an intensive care unit, medical offices, an emergency department, and a wide range of laboratory and imaging tests. The Project's CAPEX involves a complete modernization of the existing complex buildings, the acquisition of new equipment, and the construction of a new parking facility.IDB Invest is expected to finance up to 33% of the Smart Hospital CAPEX through a loan of up to BRL 161,000,000, with a term of up to 20 years and a grace period of up to 3.5 years. Given the novelty of this hospital PPP structure, IDB Invest's participation is crucial to (i) closing the financing gap and (ii) potentially providing reassurance to other financiers.