Costa Rica Post

Pura Vida, Every Day
Wednesday, Jan 22, 2025

Hospital La Católica: A Beacon of Opportunity Enters Panama Stock Exchange

Costa Rican Medical Giant Invites Broader Investment Access and Eyes Expansion
In a strategic leap aimed at expanding its investment horizon, Hospital Internacional La Católica, a prominent medical institution, has announced its entry into the Panama Stock Exchange.

Revealed on Tuesday, December 17, this move signals the hospital's ambition to broaden the scope of its financial engagements by offering investment opportunities traditionally restricted to institutional and substantial investors.

Partnering with Bicsa Capital Panamá and Inversiones SAMA, a Costa Rican brokerage firm, La Católica aims to facilitate public trading of its shares.

Javier Herrera, the hospital's Commercial Director, confirms that this market participation will offer potential investors the chance to acquire convertible preferred shares alongside common stocks.

While common shares confer voting rights and dividend entitlement, preferred shares, though devoid of voting privileges, prioritize dividend payments.

Herrera emphasizes, "By listing on the stock exchange, the hospital strives to deepen its connection with physicians and clients, empowering them to become stakeholders in the medical center.

This initiative unveils an investment opportunity in a sector often reserved for affluent corporate entities and institutional investors."

The hospital's robust financial standing is underscored by its recent BBB+ stable outlook rating awarded by Moody’s, highlighting its strong fiscal performance and instilling confidence among investors.

This milestone follows La Católica's prior announcement in February last year about a $65 million capital infusion aimed at significant expansions, enhancements, and new constructions over an impressive 48,000 square meters.

The hospital, having reclaimed its property from BCR Sociedad Administradora de Fondos de Inversión for $36.7 million, marks a new chapter in its developmental arc, previously involving a lease from the Fund managed by BCR SAFI.

With its foray into the Panama Stock Exchange, Hospital La Católica not only opens its doors to individual investors but also bolsters its capacity for future growth, extending its reach in the Central American healthcare landscape.
Newsletter

Related Articles

0:00
0:00
Close
Five Billionaires on Track to Break One Trillion Dollar Wealth Barrier
Celebrity Responses to California Wildfires: Charity, Criticism, and Controversy
Saprissa Withdraws from Costa Rica's Women's Soccer First Division, Sparking Debate and Concern
Miguel Herrera: Farewell Video from Fox Sports as He Takes on Costa Rica National Team
Controversial Reappointment: Costa Rican President Rodrigo Chaves Names Marta Esquivel as Planning Minister
A Long Battle Ends in Tragedy for Shooting Victim in Costa Rica
Triple Homicide in Los Chiles: Couple and Five-Year-Old Girl Fatally Shot
Horacio Elizondo Resigns Irrevocably from Costa Rica's Football Federation Amidst Controversy
Costa Rican Digital Vehicle Licensing Bid Faces Another Setback
Convict Recaptured After Brief Escape from La Reforma Prison Complex
José Giacone: Confident in Saprissa's Enhanced Competitiveness This Season
Costa Rican President Rodrigo Chaves Considers Shift to Congressional Leadership
Pope Francis Praises Costa Rican Coffee as the World's Best
Former Honduran General Hospitalized Ahead of Protest Death Trial
Miguel 'Piojo' Herrera Appointed as Costa Rica's National Team Coach
Mónica Taylor Appointed as New President of Costa Rica's Social Security System
Davivienda Acquires Scotiabank's Operations in Latin America
California Wildfires Set to Become Costliest in U.S. History
US Court Ruling Signals Potential Sale of Silk Road's Bitcoin Stash
Leadership Changes Mark New Beginnings in Costa Rica's Public and Private Sectors
Meta Shifts Content Moderation Strategy: Context Notes to Replace Fact-Checking in the U.S.
Costa Rica Closes 2024 with Positive Inflation: Key Price Shifts Analyzed
Cessna Aircraft with Drug Traces Discovered on Clandestine Airstrip in Guanacaste
Tragic Incident as Man Found Dead After Being Swept Away by River in Limón
Elderly Man Severely Burned in Parrita House Fire Blocked by Motorcycle
Elusive Criminal ‘Diablo’ Continues to Evade Capture and Justice
Francisco Rodríguez Transfers from Herediano to Santos de Guápiles
Washington Ortega Embraces Pressure at Alajuelense
Alejandro Bran and Aarón Salazar Eager to Contribute to Alajuelense’s Success
Andrés Carevic Emphasizes Results Above Style at Cartaginés
Chaves Administration Faces Scrutiny Over Increased Emergency Decrees
Óscar Izquierdo Withdraws from PLN Presidential Primary Consideration
Sofía Guillén to Sue TikToker Over False Video Allegations
Mónica Taylor Hernández Appointed as New Head of Costa Rica's Social Security Fund
Understanding Human Metapneumovirus: Recent Outbreaks and WHO's Stance
Costa Rica Unveils Ambitious Mental Health Strategy for the Next Decade
Key Dates Announced for University Admissions at UCR and UNA
Costa Rican White-Faced Monkeys Face Climate Change Impacts
Davivienda's Strategic Expansion: Understanding the Legacy of Grupo Bolívar and the Cortés Family
Nvidia Surpasses Moore's Law: Driving Down AI Costs
Rising Incidents of Property Theft Reflect Larger Security Issues in Costa Rica
Costa Rica's San José Airport to Introduce Electronic Immigration Gates
Safe Landing of Light Aircraft Averts Potential Disaster at Punta Banco
Robert Garbanzo Responds to Allegations from Herediano Defender Keyner Brown
Washington Ortega: The New Guardian of Alajuelense's Goal
Costa Rican Footballer Manfred Ugalde Catches PSG's Eye
Jefry Valverde's Ambitions: Returning to Prominence in Saprissa
Search for Missing Fisherman to Resume on Friday in Costa Rica's Tempisque River
Melania Villalta Sets a New Standard for Online Engagement: Zero Tolerance for Inappropriate Comments
Little Caesars Pizza Chain Seeks Talent Across Multiple Locations
×