NAVEGAR II (NETHERLANDS) B.V.
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Intellicare is the largest Health Maintenance Organization (HMO) in the Philippines. Intellicare makes quality health care accessible and affordable for a growing number of people. It does so by arranging health care insurance and acting as a liaison with health care providers (hospitals, doctors, etc.) on a prepaid basis.
What is our funding objective?
Together with fellow development finance institution DEG and Navegar Fund, in which FMO is investor, it is FMO's intention to work with Intellicare to grow the company, taking operations to the next level, including improvements on corporate governance and environmental and social standards.
Why do we fund this investment?
Intellicare provides affordable access to quality health care services for its members. This has strong contributions to the economy and to society as a whole. Healthier people are more able to be productive, while growth of the company itself results in job creation and increased tax payments.
- Region
- Asia
- Country
- Philippines
- Sector
- Financial Institutions
- Effective date
- 3/4/2015
- Total FMO financing
- USD 12.07 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C