UFH Guangzhou Loan

completed

Founded in the 1982 and originally focused on medical device business, Chindex International Inc. (“Chindex” - http://www.chindex.com), is a major private healthcare company providing premium quality healthcare services in China. Chindex, formerly listed on NASDAQ, is an existing IFC client, which now operates under newly incorporated Healthy Harmony Holding LP (“HHH” or the “sponsor”), through the operations of United Family Healthcare (“UFH”) brand of network hospitals and affiliated clinics (ufh.com.cn/). Chindex opened its first hospital in Beijing in 1997 and since then has continuously expanded its operations in China. It has the following operations:Beijing: (1) a flagship Beijing hospital (BJU), the first private international-standards hospital in Beijing, recently expanded to 120 licensed beds; (2) seven separate freestanding clinics that coordinate services with BJU; and (3) a freestanding outpatient comprehensive cancer treatment center (New Hope); (4) Rehab facility has 48 beds in service now and can be expanded to 83 licensed beds.Shanghai: (1) a flagship Shanghai hospital (SHU), which offers 50 licensed beds; (2) one medical clinics and one dental clinics in the region that coordinate with SHU.Tianjin hospital, which offers 30 licensed beds.Qingdao: a 50-bed general hospital recently opened for business in June 2015Guangzhou clinic, which offers a broad scope of clinical services.IFC is considering another investment in HHH consisting of a senior loan of up to US$40 million from its own accounts and US$20 million senior loan from Managed Co-Lending Portfolio Program (MCPP) where IFC is acting as the implementing entity. The proposed new investment will be through its subsidiary UFH Guangzhou Hospital (the “company”) to support construction of a greenfield 150-bed general hospital in Guangzhou, Guangdong Province of the People’s Republic of China (the “project”). The hospital will have a total built-up area of about 70,000 sqm spanning 15 stories above 3 levels of basement.