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.
