Region: Europe and Central Asia
Brief on IFC's PPP advisory support to the Ministry of Health of Moldova to attract private investors through a PPP to modernize diagnostic imaging and radiology services for public patients at the Republican Hospital in Chisinau.
Moldova’s government has been reforming and modernizing its health care system, which suffers from insufficient funding and outdated equipment. To address these problems, the Moldovan Ministry of Health turned to IFC to attract private sector investors through public-private partnerships (PPPs) in the health sector. Its first health PPP transaction will modernize diagnostic imaging and radiology services for public patients at the Republican Hospital in Chisinau, thereby addressing an important gap in existing healthcare services.
Magnific, a Moldovan healthcare services provider, won the 12-year concession to renovate, construct, equip and operate a new diagnostic imaging and radiology center. The transaction mobilized $7 million in private sector investment and is expected to benefit over 100,000 people annually. The concession, Moldova’s first PPP, lays the groundwork for further private sector participation in the health sector and other public services. The agreement was signed in November 2011.
Image by Pixabay
Updated: June 28, 2022