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December 13, 2010

IFC-Structured Public-Private Partnership to Establish Hospital in Mexico

International Finance Corporation (IFC), a member of the World Bank Group, has signed a public-private partnership between the Social Security Institute of the State of Mexico and privately held developer Marhnos to finance, build, equip, and maintain a new hospital in Tlalnepantla, Mexico, under

By cms admin

International Finance Corporation (IFC), a member of the World Bank Group, has signed a public-private partnership between the Social Security Institute of the State of Mexico and privately held developer Marhnos to finance, build, equip, and maintain a new hospital in Tlalnepantla, Mexico, under a 25-year contract.

The hospital, which will replace an outdated facility, will provide improved services to 6,000 inpatients and 20,000 outpatients a year, while lowering the overall costs of the hospital by a third.

Under the partnership, the institute will be responsible for hospital’s medical staff and pharmaceuticals, while Marhnos will be responsible for construction, facility management and non-clinical services.

Marhnos will also provide medical equipment and consumables during the contract period, and is expected to invest $60m in the construction and equipment during a 12-month period.

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