Company name

Dr. Consulta Ltd.

Project number

14462-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Brazil

Sector

Social Infrastructure

Status

Proposed

Disclosed date

04/28/2023

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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05/30/2023

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Bianco del Barrio, Silvana

Investment type

Syndicated amount

N/A

Financing amount

USD $ 12,000,000

Currency

USD

Project scope and objective

Dr. Consulta is a healthcare technology (“HealthTech”) company providing low-cost care delivery to low-income patients with a multi-channel approach in Brazil.

The proposal consists of an equity investment of up to USD 12 million in Dr. Consulta Ltd. to support the entity to expand operations through the opening of new clinics, including other regions within Brazil, and to develop its technology and its recently acquired healthcare plans (“Cuidar.me”).

The investment of up to US$10 million will take place as preferred convertible stock as part of the ongoing Series D equity round, with an estimated term of 7 years term. An additional 20% uncommitted amount may be contributed exclusively to exercise preemptive rights and/or right of first refusal.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

DR. CONSULTA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

890.9 Kb

DR. CONSULTA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

389.1 Kb

For inquiries, comments and information requests about the project

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Mariana Carriao

POSITION

General Counsel

PHONE NUMBER

+55 (11) 41181510

EMAIL

marianafc@drconsulta.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices