IFC may extend $40m loan to finance acquisitions by Fullerton Health Philippines

Image sourced from Fullerton Health web portal

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, has proposed to extend debt financing of up to $40 million to Fullerton Health Philippines Holdings Corp (FHPC) to support its acquisitions.

FHPC, a wholly owned subsidiary of Singapore-based Fullerton Healthcare Corporation, is acquiring a 60 per cent controlling stake in the Intellicare group of companies, a leading health maintenance organisation (HMO) company in the Philippines, with a membership base of over one million lives.

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