Dutch healthcare provider Zuyderland Group is set to receive a $112m (€100m) loan from the European Investment Bank (EIB) to optimise long-term care facilities at its hospital.
Based in the cities of Heerlen and Sittard-Geleen in the province of Limburg, Zuyderland operates the biggest non-academic hospital in the Netherlands.
EIB’s loan will be used by the healthcare provider to upgrade its healthcare services that are offered to nearly 480,000 people living in the Limburg region.
Zuyderland chief financial officer and board member Roel Goffin said: “We are very happy to have concluded this agreement. It shows that the European Investment Bank shares the vision of Zuyderland for the region of South Limburg.”
The loan amount will be divided across its two sites in Heerlen and Sittard-Geleen for executing various works.
At Sittard-Gerleen site, Zuyderland will build new operating theatres as well as laboratories and complete partial renovation works at Heerlen site.
The loan will also support an investment programme that will see the introduction of new healthcare models to bring care closer to patients’ homes. It will benefit patients with multiple morbidities and chronic diseases.
Zuyderland needs to extend its long-term care, assisted living and home care facilities in order to meet the growing demand of its ageing population.
EIB vice-president Kris Peeters said: “We are glad that we can support Zuyderland with its investment programme, which is also very much in line with our own mission, to improve people’s lives through our investments.”
Upon completion, the new and refurbished facilities are expected to offer better conditions for patients and staff.