Growth equity firm General Atlantic will invest up to $160m in Mexico’s MAC Hospitals to help the latter ramp up its growth plans across the nation.
MAC Hospitals will collaborate with General Atlantic to carry out strategic expansion.
It will utilise the alliance to develop greenfield hospitals, as well as strengthen technology infrastructure.
General Atlantic managing director and Mexico head Luis Cervantes along with the firm’s vice president Zeev Thepris will now have seats on the MAC Hospitals board.
Cervantes noted: “Miguel and the MAC Hospitals team have a distinct and differentiated vision to transform access to care in Mexico.
“MAC Hospitals has already achieved considerable scale by meeting demand and identifying unmet need, and we believe there is whitespace to bring its model to even more populations across Mexico.”
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The latest move forms part of MAC Hospitals’ institutionalisation of its shareholder base that started in 2016 with a minority investment from Actinver and PineBridge.
MAC Hospitals chairman, founder and CEO Miguel Khoury said: “Looking ahead, we intend to focus on our strategic expansion by opening additional facilities close to our patients and delivering excellent care that is affordable for all. This investment from General Atlantic is a testament to the extraordinary work of the entire MAC Hospitals team to positively impact the lives of thousands of patients across Mexico.”
At present, MAC Hospitals runs 20 hospitals across 17 Mexican cities.