IFC, a member of the World Bank Group, announced plans to invest $255 million to support the expansion of Rede D’Or, the largest network of private hospitals in Brazil.IFC’s investment will help expand access to quality healthcare services in Brazil.
This expansion program financed by the facility will increase hospital beds by 1,800, enabling a reach of about 525,000 more patients per year. In addition, Rede D’Or will train and create employment for 12,000 more people, 75 percent of whom are expected to be women, thus helping improve and professionalize healthcare standards in Brazil.
Currently Rede D’Or operates 26 hospitals, with more than 4,000 beds providing multi-specialty services in addition to 32 oncology clinics.
IFC provides investment and advisory services to expand access to quality healthcare, introduce innovations in financing and delivery of services, improve quality and efficiency, and complement public sector efforts to achieve national health goals.