NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

IFC and Lenmed Hospital Group (Lenmed) today announced a partnership to increase access to quality healthcare, especially in underserved communities, in South Africa, Botswana, Ghana, and Mozambique.

Under the partnership, IFC will provide a local currency, R200 million senior loan to Lenmed to help the company expand its healthcare services over the next four years through the acquisition of new facilities, the purchase of medical equipment, and by hiring and training additional medical staff. Lenmed will also expand the number of beds in its hospital portfolio from 2,318 to almost 3,000.