Release date: 6 November 2024
Promoter – Financial Intermediary
GRUPPO VILLA MARIA SPALocation
Description
The project supports the promoter's investments in (i) research, development and manufacturing capabilities for medical devices in the cardiovascular and respiratory therapeutic areas, (ii) clinical and translational research for cardiovascular and metabolic diseases and (iii) digitalisation of its healthcare infrastructures across Europe over the period 2024-2027.
Objectives
i) The operation supports both the development of medical devices, carried out by a subsidiary of the Borrower, as well as early-stage, clinical and translational research conducted by the Promoter across its network of hospitals and healthcare facilities. ii) It will also finance the construction of a new manufacturing facility for cardio-pulmonary medical devices, as an extension of the Promoter's already existing production site, to increase its industrial footprint and know-how. iii) Lastly, the EIB will support digital initiatives to be undertaken by the Promoter across its extensive network of healthcare facilities and operations in the period 2024-2027, to increase digitalisation in the European healthcare sector.
Sector(s)
- Industry - Manufacturing
- Services - Information and communication
- Services - Professional, scientific and technical activities
Proposed EIB finance (Approximate amount)
EUR 35 million
Total cost (Approximate amount)
EUR 82 million
Environmental aspects
The project concerns investments in R&D and digitalisation, for which significant environmental and social effects are not expected. Moreover, the Project supports the construction of a manufacturing facility, as an extension to the existing production plant of the Promoter, in relation to the development and manufacturing of medical devices. According to Annex 3 of Italian law No. 152/2006 (and its subsequent amendments) transposing the Environmental Impact Assessment (EIA) Directive 2011/92/EU amended by 2014/52/EU, the construction of the new manufacturing facility for medical devices is not subject to an EIA procedure.
Procurement
The EIB will require that all project contracts are procured in accordance with the applicable EU procurement legislation.
Status
Signed - 19/12/2024
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).