Operating since February 2020, Opy Health, IG4 Capital’s first integrated platform of infrastructure assets and non-medical services in the Brazilian healthcare sector, achieves significant operational results. Throughout 2020, the company strengthened its business model, showing it is possible to make significant investments and improvements in healthcare, while offering society good returns.
In 2020, Opy Health acquired two assets with PPP contracts for the operation of Hospital Metropolitano Dr. Célio de Castro (HMDCC), in the city of Belo Horizonte, State of Minas Gerais, and Hospital Delphina Rinaldi Abdel Aziz (Hospital Delphina Aziz), in the city of Manaus, State of Amazonas. These contracts will remain in effect for 15 additional years.
In less than a year, the company made several investments and improvements, resulting in a new operational dynamic for both the hospitals managed and Opy Health itself. Therefore, after its first year of operation, Opy Health was able not only to respond successfully to the pandemic, but also to improve the general performance of the assets managed throughout its framework. Revenues increased over 40% and operating costs were reduced by more than 10%, resulting in an EBITDA of BRL 130 million, equivalent to 54% of the current net income and approximately 31% higher in comparison with the previous year (+4 pp in % margin), when Opy Health was not responsible for managing the assets. In addition, the assets had their first dividend distribution in history. Together, they totaled BRL 52 million in dividends distributed to the holding company. This figure will certainly contribute to the ongoing strategy of growing and generating business.
When Opy Health became responsible for managing the assets, it improved logistics for the internal distribution of drugs between the warehouse and the central pharmacy to the inpatient floors and satellite pharmacies at HMDCC, with the implementation of electronic dispensaries. During the first 4 months, a series of operational measures were implemented to increase the efficiency of the acquired assets and generate gains of scale inherent to a platform. These included replacing the ERP software used by the assets acquired, thus gathering information on a single platform, and implementing Opy Health Shared Services Centers (CSC), where different departments (Marketing, Finance, Information Technology, and Human Resources) have been integrated under one single management. All of these actions streamlined daily tasks and activities.
Looking at asset governance from a different perspective helped boost the results. Some of the examples include updated bylaws for each asset, variable incentive compensation for executives and employees, as well as a solid Compliance and ESG Program.
The assets also achieved significant results. To access them, click on the links below:
OZN Health (Hospital Delphina Rinaldi Abdel Aziz)
ONM Health (Hospital Dr. Célio de Castro – HMDCC)
