Rizk Ventures announces healthcare real estate sale-leaseback transaction of San Rafael Hospital in Bogotá, Colombia
NEW YORK — Rizk Ventures Colombia (“RVC”), an affiliate of Rizk Ventures, LLC, announced today the execution of a healthcare real estate sale-leaseback transaction with an affiliate of The Goldman Sachs Group, Inc. (“GS”) for the real estate of the hospital known as Hospital Universitario Clinica San Rafael (“HUCSR”) in Bogota, which was purchased from the Orden Hospitalaria de San Juan de Dios (“OHSJD”). Founded in 1929, HUCSR is a 387 bed hospital located in Bogota, Colombia. The hospital provides the community with specialized health services, academic training and research. Simultaneously with the closing of the sale-leaseback transaction, National Clinics Colombia, a premier owner and operator of hospitals in Colombia entered an institutional collaboration agreement with the hospital.
RVC and GS established the joint venture to invest in real estate sale-leaseback transactions in the Colombian hospital market and executed the first sale-leaseback transaction in January 2016. “Colombia boasts a strong and growing economy coupled with an attractive business environment,” commented Klaus Lederer, Rizk Ventures’ managing partner. “We are excited to continue to work with Goldman Sachs as we escalate the pace of these acquisitions in Colombia.”
Rizk Ventures’ managing partner Geoff Rizk commented, “We’re excited to be a capital partner for NCC, a leading operator in the country.”
Carlos Florez, CFO of National Clinics Colombia commented, “We are extremely pleased with the support we received from RV and GS, as it will allow us to dedicate more resources to our development plan which includes adding 350 beds to our existing facilities in Bogotá and Pereira.”
Rizk Ventures Colombia is a wholly owned affiliate of Rizk Ventures, LLC led by Rizk Ventures’ Managing Partners, Geoff Rizk andKlaus Lederer. This team has substantial experience and relationships in connection with investment opportunities in the Colombian healthcare market.
About National Clinic Colombia (NCC):
NCC is a leading healthcare provider through the acquisition and operations of hospitals and clinics throughout Colombia. NCC adds value to the health systems by offering quality cost efficient care solutions for patients in the lower middle class segment and health insurance companies by leveraging their network approach and focusing on chronic care.
About Rizk Ventures
Rizk Ventures is a privately-held investment firm based in New York, founded by Thomas A. Rizk and Linda Rizk. Rizk Ventures focuses on investment activities in the areas of Real Estate, Healthcare, and Special Opportunities. Rizk Ventures adds value post-investment by strengthening consumer relationships, advising management teams, broadening technology platforms, and providing operational expertise.