Doctors Hospital Bahamas Working Capital Revolver (IDBI-13134-01)

Countries
  • Bahamas
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 20, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Doctors Hospital Health System Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Jun 19, 2021

Disclosed by Bank Oct 21, 2020

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Doctors Hospital Health System is the largest private hospital in The Bahamas, with two campuses on the island of New Providence. It provides inpatient and outpatient services including acute care. The Company has been operating for over 50 years, with 500 associates and 200 physicians.

The transaction consists of an uncommitted, unsecured revolving working capital line to support Doctors Hospital Health System’s working capital needs as it responds to the COVID-19 pandemic.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Doctors Hospital Health System Limited Buyer -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For questions about the Project contact Doctors Hospital Health System Limited

Name: Dennis Deveaux
Title: CFO
Phone number: (242) 302 4600
Email: dennisdeveaux@doctorshosp.com


For questions and comments to IDB Invest, contact:

Name: Grupo de Comunicación de BID Invest
Email: requestinformation@idbinvest.org


In addition, as a last resource, affected communities can access IDB Invest’s Independent Consultation and Investigation Research (ICIM) in the following way:

Phone number: +1 (202) 623-3952
Fax number: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
Email: mecanismo@iadb.org or MICI@iadb.org

How it works

How it works