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

Countries
  • Bahamas
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
Proposed
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 20, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Doctors Hospital Health System Limited
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 9, 2020

Disclosed by Bank Oct 21, 2020


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Can you contribute information about this project?
Contact the EWS Team

Project 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
  • IDB Invest (IDBI)
Contact Information

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