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Paris, France, October 19, 2016
– IFC, a member of the World Bank Group, will invest up to $10 million in equity in Seniority Chile S.A., a provider of quality senior healthcare services in Latin America that operates under the brand name of Acalis. The investment, which is IFC’s first transaction in senior healthcare services, will support the creation of a network of professional-quality nursing homes in Chile and Colombia, responding to the needs of the rapidly aging population in Latin America.
Acalis currently operates 420 beds in Chile, employing over 240 staff - 90 percent of whom are women. The investment will help Acalis construct and equip 14 new nursing homes, initially in the cities of Santiago, in Chile, as well as Medellin and Bogota, in Colombia. The investment will increase access to high-quality senior healthcare services, promote international best practices in this nascent industry in the region, and generate employment.
Roderick Peters, Acalis CEO for Latin America
, said “We are pleased about the partnership with IFC on this investment, which will be instrumental in helping us cement our leadership in the provision of quality senior healthcare services in Chile and Colombia.”
In addition to financing the construction of new buildings, IFC’s investment will support the retrofitting of existing buildings, making them more resource efficient. This will be achieved through IFC’s innovative Excellence in Design for Greater Efficiencies (EDGE) tool for green buildings.
Alzbeta Klein, IFC Director for Manufacturing, Agribusiness and Services
, said, “IFC’s investment will play a catalytic role in supporting the nascent senior healthcare industry in Latin America, responding to the growing demand for quality services for the rapidly aging population in the region. The transaction marks IFC’s first direct investment in this growing segment and broadens our footprint in the healthcare sector in emerging markets”.
IFC is the world's largest multilateral investor in private healthcare, managing an active portfolio of about $1.7 billion worth of health investments.
IFC’s health investment strategy aims at increasing access to affordable and quality healthcare in underserved markets.
About Acalis
Founded in 2010, Acalis is one of the first chains of nursing homes in Chile and in Latin America. Acalis is part of the Belgian group Senior Assist International, which operates nursing homes in Europe, Asia and in Latin America. Acalis creates integrated services divided in different activity modules, enabling us to provide an individualized answer in an efficient way to the different necessities in life. Our focus is to improve the lives of the elderly and disabled population through the offer of high-quality services at a reasonable price. For more information, visit
www.acalis.com
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit
www.ifc.org
About EDGE
An innovation of IFC, EDGE helps property developers build and brand green in a fast, easy and affordable way. EDGE is supported by free software that encourages solutions to reduce energy, water and the energy used to make building materials by at least 20 percent, which is the standard for EDGE certification. The program has been generously supported by the following donors: Austria, Canada, Denmark, ESMAP, EU, Finland, GEF, Hungary, Japan and Switzerland. For more information, visit
www.edgebuildings.com
.
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