Loan to Hospital Sírio Libanês in São Paulo to double the capacity of a large Brazilian hospital

Brazil
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projet HSL
Sírio Libanês Hospital in São Paulo is a leading Brazilian hospital. It has launched a development and upgrading program which aims to double its capacity and meet increasing healthcare demand.
Client presentation
Hospital Sírio Libanês (HSL) in São Paulo (HSL) was set up in 1921 by a first generation of migrant women from Syria and Lebanon. This leading hospital is recognized in the fields of oncology, neurosurgery, cardiology, urology and orthopedics. It has a capacity of 356 beds, 12 operating theaters and various diagnosis services. It benefits from the accreditation of the Ministry of Health for its participation in Brazil’s Hospitals of Excellence Program.
Project description
Proparco’s financing will support HSL’s expansion and modernization program. The project comprises two components: firstly, the renovation and modernization of the existing building and, secondly, the construction of a new tower with 18 floors, a car park, and a technical building over an area of approximately 20,000 m². The hospital’s capacity will increase from 311 beds to 616 after the construction of the new building.
Project impact
This investment project will allow HSL to increase its capacity and better meet the growing healthcare demand in Brazil. The new building will be a “green building” certified by the certification body LEED. It will reduce annual greenhouse gas emissions by 120,000 tons of CO2.
17/06/2010
Date of signature of the project
Sectors
Brazil
Location
Financing tool
10 462 440 Euros
Amount of funding
Loan of USD 15 M
Financing details
Hospital Sirio-Libanês
Client