SeniorAssist LAC (IFC-38334)

Countries
  • Chile
  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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.
Borrower
SENIORITY CHILE SA
The holder of the loan, grant, or other investment.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 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 @ IFC website

Updated in EWS Nov 4, 2017

Disclosed by Bank Aug 12, 2016

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Project Description
Founded in 2005 in Belgium, Senior Assist International ("the group" -http://www.seniorassist-international.com), a worldwide expert in the management of private nursing homes for the elderly population, is one of the leading European experts in the management of nursing homes and home care services. Besides Belgium, the group also has a presence in the Netherlands, Turkey, Chile, and Uruguay. Senior Assist International started its operations in Latin America in 2010 through its Senior Assist Latam Holding ("Senior Assist" or the "company").Senior Assist has currently four residencies in Chile (http://www.acalis.cl) Senior Assist's residences are located in urbanized centers close to public transport in order to maximize accessibility for its clients and staff. The residencies have standard design and include a reception area, bedrooms with bathrooms, a kitchen, laundry facilities, a dining room, a living room, a nursery station, dressing rooms for personnel, an occupational therapy room, a pharmacy, a mortuary, a hair dressing, a warehouse, and administrative offices.
Investment Description
  • International Finance Corporation (IFC)
The proposed investment will consist of up to US$10 million equity in Senior Assist Latam Holding, to support the company's expansion plans in Chile and its entrance into Colombia (the "project"). The proposed transaction will contribute to financing of the construction and operations of nursing homes in Chile and Colombia.
Contact Information
For Inquiries About the Project, Contact Roderick Peters, CEO Latin America Acalis mailto:roderick.peters@sa-care.com Alonso de Cordoba 5151of 90, Las Condes, Santiago, Chile http://www.acalis.cl/ http://www.seniorassist-international.com/ For Inquiries and Comments About IFC, Contact General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384 E Mail: Webmaster ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/