Fullerton Health (IFC-40383)

Countries
  • Philippines
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
Proposed
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.
Voting Date
May 29, 2018
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
FULLERTON HEALTHCARE CORPORATION 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)
$ 40.00 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 Feb 15, 2019

Disclosed by Bank Apr 19, 2018


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Project Description

Fullerton Health Philippines Holdings Corporation (“FHPC”) is a wholly owned subsidiary of Fullerton Healthcare Corporation Limited. The Company will acquire a 60% controlling stake in the Intellicare group of companies, a leading health maintenance organization company in the Philippines, with a membership base of over one million lives. FHPC plans to establish a vertically integrated managed healthcare platform in the Philippines that will comprise Intellicare, as well as the roll out and acquisition of related healthcare providers.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Fullerton Health is a provider of corporate healthcare solutions across Asia Pacific. It was founded in Singapore in 2011 and today owns over 260 medical centres across seven countries.

Contact Information

Fullerton Healthcare Corporation Limited 
Edwin Basuki 
Director of the Board 
+65 6672 5654 
edwin.basuki@fullertonhealth.com 
108 Robinson Road, #09-02, Singapore 068900 
http://www.fullertonhealth.com/ 

 

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/