MAC Hospitals – one of Mexico’s largest hospital providers – announced an up to $160 million strategic growth investment from General Atlantic, a leading global growth equity firm. MAC Hospitals plans to utilize its partnership with General Atlantic to further its mission to expand access to affordable healthcare across Mexico, in particular by pursuing strategic expansion initiatives, developing greenfield hospitals in new locations, investing in the company’s technology stack and infrastructure, and deepening its offering of high-quality medical services.
This funding round represents a continuation of MAC Hospitals’ ongoing institutionalization of its shareholder base. This initiative began in 2016 with a minority investment from Actinver and PineBridge, both of which will remain significant shareholders.
Chairman and CEO Miguel Khoury founded MAC Hospitals in 2008 with a clear mission to make high-quality, affordable medical services accessible to all Mexicans. MAC Hospitals has since grown into one of the largest healthcare providers in Mexico, with 20 hospitals spanning 17 cities.
Through Mexico’s existing healthcare infrastructure is insufficient to serve the needs of its growing population, MAC Hospitals is addressing the healthcare coverage gap by providing critical medical services to underserved populations across the country. MAC Hospitals is a multidisciplinary provider with several core focus areas, including hospital, surgery, intensive care, emergency care, pharmacy, imaging, and diagnostic services. Through its current scale and mission-driven culture, MAC Hospitals is strategically positioned to deliver quality healthcare to patients, achieving improved medical outcomes at a lower cost.
General Atlantic actively partners with entrepreneurs to scale innovative, high-growth businesses worldwide, having invested $1.6 billion in nine leading Mexican companies since entering the market in 2014. And the firm has extensive experience growing healthcare and hospital businesses in emerging markets.
As part of the transaction, Luis Cervantes and Zeev Thepris, Vice President at General Atlantic, will join the MAC Hospitals Board of Directors.
KEY QUOTES:
“MAC Hospitals’ mission to deliver accessible care to communities across Mexico has never been more important, particularly as the supply and demand gap for medical services continues to widen. We are thrilled to partner with General Atlantic to accelerate MAC Hospitals’ growth. Looking ahead, we intend to focus on our strategic expansion by opening additional facilities close to our patients and delivering excellent care that is affordable for all. This investment from General Atlantic is a testament to the extraordinary work of the entire MAC Hospitals team to positively impact the lives of thousands of patients across Mexico.”
— Miguel Khoury, Founder, Chairman, and CEO at MAC Hospitals
“Miguel and the MAC Hospitals team have a distinct and differentiated vision to transform access to care in Mexico. MAC Hospitals has already achieved considerable scale by meeting demand and identifying unmet need, and we believe there is whitespace to bring its model to even more populations across Mexico. We are proud to partner with MAC Hospitals to support their expansion and care innovation efforts and supplement the team’s existing strong operating expertise.”
— Luis Cervantes, Managing Director and Head of Mexico at General Atlantic
“For more than 15 years, MAC Hospitals has focused on improving the healthcare ecosystem through strong relationships with doctors, insurers, and patients. With this new capital and partnership with General Atlantic, we expect our health service offerings to grow even more robust and accessible.”
— Eduardo Verboonen, Deputy CEO of MAC Hospitals
