📋 Tender Overview
Project Number: 44636
Company Name: LENMED INVESTMENTS LTD
Date SPI Disclosed: Dec 2, 2022
Country: South Africa
Region: Africa
Projected Board Date: Jan 15, 2023
Environmental Category: B
Status: Pending Approval
Department: Regional Industry - MAS Africa
Industry: Health and Education
Sector: Medical and Diagnostic Services
Project Description
Lenmed Investments Limited (Lenmed or the Company) seeks to raise both debt and equity financing to fund the expansion of its hospital portfolio to almost 3,000 beds over the next 4 to 5 years, through organic growth and acquisitions within South Africa and the SSA region (the Project).
Total Project Cost and amount and nature of IFC's Investment: IFC’s proposed financing is an equity investment of up to US$28 million (ZAR equivalent) to support Lenmed’s expansion plans. IFC’s investment will be alongside an up to US$23 million (ZAR equivalent) equity investment to be mobilized from another development finance institution.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
