On August 7, the Japan International Cooperation Agency (JICA) signed an investment agreement with Dotor Consta, a Brazilian medical insurance company, to invest in medical equipment and facilities to further expand MHI’s efforts to contribute to Universal Health Coverage (UHC) (Note 1). The funds will be used for medical equipment and facility investment to further expand MHI’s efforts to contribute to Universal Health Coverage (UHC). The average waiting time at SUS-eligible hospitals, including medical procedures that were postponed due to the Corona disaster, is 300-400 days, 300-400 days, including medical procedures that were postponed due to the coronary disaster. For this reason, people with a certain income level purchase private health insurance either on their own or through their employers, and receive private medical care without SUS. On the other hand, it is said that there are more than 100 million low- and middle-income people who cannot afford private medical insurance and do not receive adequate medical care through SUS alone. Clinic overview Pre-diagnosis consultation counter
Dottoru Consulta provides primary care to this low- and middle-income segment of the population that has been spilt between the public and private health insurance systems. The company was founded in 2011 by Thomaz Srougi, who was born into a family of doctors and has experience in investment banking and other businesses, when he opened a medical clinic in Favela, a poor town in the state of São Paulo, Brazil. Aiming to provide primary care that is physically and affordably accessible to low- and middle-income people, the company has established efficient medical operations at 28 carefully planned clinics and online, based on epidemiological, demographic, and resource sharing perspectives, using AI algorithms developed in-house from data on a total of 2.5 million patients. The company has established efficient medical operations at 28 carefully planned clinics and online using AI algorithms developed in-house based on data from 2.5 million patients. In addition, the company maintains high quality of medical care by digitizing and operating more than 300 medical guidelines developed with physicians based on international standards, tying compliance with the guidelines to physician compensation, and utilizing many Japanese-made medical devices. The company has enhanced its menu to meet the diverse needs of patients by launching a subscription service that allows up to four friends or family members to receive discounted medical care if they pay a certain fee, and low-cost medical insurance that allows unlimited access to medical care if they pay a certain premium, and by providing more than 60 specialized We provide more than 60 medical specialties and tests to 700,000 patients annually. These innovations have succeeded in lowering medical costs and reducing wait times to the point that same-day appointments are possible, and patient satisfaction is approximately twice that of public hospitals.
This investment is a participation in a Series D (Note 2) financing round by Dotr Consulta S.A. This round is a co-investment between IDB Invest, a regional development finance institution in Latin America, and JICA, under the lead of KMP Holdings Cayman, LLC, a growth equity fund affiliated with Patria Investments Ltd. This is JICA’s first direct investment in Latin America and is based on the Co-investment and Loan Framework (CORE: see link below) between IDB Invest and JICA. JICA, together with its local partners, will continue to support companies like Dotor Construta that aim for UHC with innovative business models and contribute to SDG Goal 3 (Health and Welfare for All) and Goal 17 (Achieve the Goals through Partnership). We will also contribute to business matching between our company and Japanese medical equipment and service providers, which are actively introducing and expanding Japanese-made medical equipment.
(Note 1) UHC: A state in which all people have access to appropriate health promotion, prevention, treatment, and functional restoration services at a cost they can afford to pay.
(Note 2) Series D: Seed, which represents a tiered funding by startups, Series A, B, C, D, and E. Of these rounds, Series D represents the stage of funding for startups in the relatively mature rater (growth) stage.
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