A mandate letter was signed by the Inter-American Development Bank (IDB Invest) and Centro Médico Jerovia for the financing of approximately USD 180,000,000 required for a tertiary level hospital. The Firm advised Centro Médico Jerovia regarding the negotiation and signing of the mandate letter by the Inter-American Development Bank and Centro Médico Jerovia, formalized last September 17th, so the financing can be negotiated.
Centro Médico Jerovia, in association with Mount Sinai Hospital in New York, will be a hospital complex accredited by the Joint Commission International (JCI), which certifies that the health care provided to patients meets the objectives of safety and international quality parameters.
The modern medical center is going to be built on a 10-hectare site located in the Zeballos-Cué zone of Asuncion under the highest construction standards and will provide comprehensive medical care aimed at the general population in all medical specialties. The opening of Centro Médico Jerovia, in association with Mount Sinai Hospital in New York, is scheduled for the year 2024, and will generate employment for more than 3000 people, meaning not only the provision of great benefits to the health system but also to the country’s economic area.
BKM, legal counsel of Centro Médico Jerovia, will assist the company through all legal negotiations with IDB Invest, in order to reach a successful financing of this project that has a high social impact in the country.
The BKM | Berkemeyer team was led by its managing partner Hugo T. Berkemeyer and senior associate Milena Sljivich.
