IDB Invest, a member of the Inter-American Development Bank (IDB) Group, provided a $10 million loan to International Health Services Argentina S.A. (IHSA), known in the market as Emergencias. The project will serve to promote the expansion projects of the company, serve a greater number of patients with improved quality and support them with preventative medicine.
The financing has a 6-year tenor and will allow Emergencias to increase the investment in medical equipment, improve its operational infrastructure, incorporate new technological equipment, implement data analysis processes and buy a medical plane. The objective is to increase access to health services through the use of advanced technologies, such as artificial intelligence, machine learning and data science, to create predictive models and obtain a better knowledge of the patient and the services needed by communities.
In countries like Argentina with a high demographic concentration in a few cities such as the city of Buenos Aires and its suburbs, providing quality health services in remote and difficult-to-access regions is a challenge. Incorporating innovation and technology helps develop systems for preventive medicine and the detection of diseases, while generating economic benefits.
Emergencias serves 9 million people in the country and has the ability to provide services in smaller populations (up to 2,000 inhabitants) characterized by low economic levels. With IDB Invest's support, it will also be able to incorporate long-distance transportation for patients with urgent needs, assist workers in extractive industries in remote locations, where access to health services is scarce or non-existent, and improve their transport capacity of children and adults with disabilities.
About IDB Invest
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a portfolio of assets of $12.1 billion under management and 329 clients in 21 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the needs of its clients.
Emergencias is the leading company in the management of healthcare and wellbeing in Argentina. It was founded in 1979 and currently provides treatment for 4 million cases per year, provides coverage to more than 9 million people and employs 5,000 employees. It has a staff of more than 2,000 specialists and offers laboratory studies and images. Quality, innovation, respect, responsibility and warmth constitute the distinctive values of the trajectory of Emergencias in the country.