Germany: EIB finances CompuGroup Medicals’s digital health research with up to €200 million
German company CompuGroup Medical (CGM) develops software solutions for doctors, dentists, pharmacies and hospitals.
The project will develop software solutions for healthcare providers and digital health platforms for the management of hospitals and medical practices.
The European Investment Bank (EIB) is supporting the digital health specialist CompuGroup Medical with a loan of up to €200 million for research, development and innovation. The project will develop software solutions for healthcare providers and digital health platforms for the management of hospitals and medical practices in Germany and other EU countries.
The Koblenz-based company is one of the European Union’s leading suppliers in the healthcare IT sector developing software solutions for doctors, dentists, pharmacies and hospitals. The new project aims to develop digital health platforms and other software solutions that integrate medical data from practices and hospitals for improved healthcare information exchange, IT-enabled research and AI-enabled diagnosis support.
The project will be implemented in CGM’s research centres, primarily in Germany. It is in line with the EU priority to support the digital transformation of health systems, and could help bridge the gap between the European Union and the United States in digital innovation within the health sector. Some 300 new skilled jobs could be created during the four-year project period. During implementation, an estimated 5 400 person-years of work will be created in the European Union.
EIB Vice-President Ambroise Fayolle said: “The EIB is proud to support this innovative digital health company in research, development and innovation. The digitalisation of the health sector is crucial to the European Union’s competitiveness and for supporting good quality jobs. By financing this project, the EIB is helping to bridge the digital gap between the European Union and the United States, and the digital divide within the European Union.”
CompuGroup Medicals’s spokesman and CFO Michael Rauch added: “We strongly believe in the digitisation of the health sector and we are very happy that the European Investment Bank chose to partner with us. With the EIB loan investment we are getting one step closer to reaching our vision, namely that nobody should suffer or even die because medical information is missing.”
CompuGroup Medical SE & Co. KGaA is one of the leading e-health companies in the world. With a revenue base of €1.025 billion in 2021, its software products are designed to support all medical and organisational activities in doctors’ offices, pharmacies, laboratories, hospitals and social institutions. Its information services for all parties involved in the healthcare system and its web-based personal health records contribute to safer and more efficient healthcare. CompuGroup Medical’s services are based on a unique customer base of more than 1.6 million users, including doctors, dentists, pharmacists and other healthcare professionals in inpatient and outpatient facilities. With locations in 19 countries and products in 56 countries worldwide, CompuGroup Medical is the e-health company with one of the highest coverages among healthcare professionals. More than 8 500 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.
Crédit Agricole and the European Investment Bank join forces in a new partnership for healthcare professionals
After an initial partnership in 2021 totalling €250 million for healthcare professionals, which in particular targeted “medical deserts”, Crédit Agricole Group and the European Investment Bank are once again joining forces and putting in place a new package of €400 million. In line with Crédit Agricole’s Societal Project, this partnership will help healthcare professionals meet their financing needs, particularly when they are in the process of setting up their activities.
Crédit Agricole and the European Investment Bank join forces in a new partnership for healthcare professionals Crédit Agricole pays particular attention to access to healthcare and is devoting 50% of the package, i.e. a total of €200 million, to support the establishment of self-employed healthcare professionals and very small companies in the healthcare sector across the country. This financing will be used to support the development of healthcare professionals’ activities – investments in equipment, property or intangible business assets – and the establishment of new practitioners both in stressed areas and in the rest of the country.
As the first French and European bank to incorporate a criterion for women in the provision of credit in the healthcare sector, Crédit Agricole is also supporting female entrepreneurship in the healthcare sector and devoting 30% of the total package, i.e. €120 million, to women healthcare professionals.
Crédit Agricole offers loans for a minimum amount of €50,000 at a subsidised rate in order to finance up to 100% of healthcare professionals’ projects.
“The European Investment Bank is very proud to continue working alongside Crédit Agricole Group in the support of healthcare professionals, whose access to readily available and affordable sources of financing is essential to the development of their activities”, said EIB Vice-President Ambroise Fayolle. “The fact that a significant amount of loans made available is reserved to support women healthcare professionals is a strong sign of our commitment to promoting female entrepreneurship in these professions essential to the well-being of the population”.
“The aim of our bank, also in light of the public health crisis that we have experienced, is to encourage the development of projects by healthcare professionals in all of our regions. I particularly welcome our joint efforts with the European Investment Bank to promote female entrepreneurship, thereby fostering diversity in healthcare and in all economic areas in general”. Michel Ganzin – Deputy Chief Executive Officer of Crédit Agricole S.A.
Davos: European Investment Bank pushing support for clean energy as key response to energy security and climate crisis
EIB Vice-President Gelsomina Vigliotti will represent the European Investment Bank Group at the annual meeting of the World Economic Forum (WEF) in Davos on 22-26 May. This year’s forum is centred on the theme “History at a Turning Point: Government Policies and Business Strategies.” Vice-President Vigliotti will be accompanied by Director General for Operations Jean-Christophe Laloux.
The EIB Group will join the debate and highlight the Bank’s initiatives in areas and regions that are at a turning point. The EIB Group is financing the “twin transition”- green and digital, worldwide, and ensuring that no one is left behind.
The Bank has supported Ukraine, following the Russian invasion, with an emergency solidarity package and has unlocked €4 billion to help manage the refugee crisis. Via its new development arm, EIB Global, the Bank is scaling up its activities outside the European Union in partnership with local institutions and other multilateral banks.
“I am delighted to represent the EIB Group this year at the World Economic Forum, which gathers the world’s top leaders from politics, business, civil society, academia, media, and the arts,” said EIB Vice-President Vigliotti. “During the event, I will make the case that now is the perfect time to take the quantum leap in mobilising green and sustainable finance. Russia’s war against Ukraine shows us how critical it is to reduce our dependence on fossil fuels. The COVID-19 pandemic has demonstrated what we can achieve, in a relatively short time, when we act together. Despite the immediate crises, we cannot afford to lose focus on averting a global crisis that will be more disruptive than anything we have experienced in recent years. It is now or never. The EIB, as the EU’s climate bank, will play its part in this by activating sustainable investments to make fragile economies more resilient to climate shocks both within and outside Europe and by crowding in the private sector to promote the twin transition – green and digital”.
EIB Vice-President Vigliotti will be speaking at the following panels:
Monday 23 May at 2.15 pm: Building Economies in Fragile Markets.
Monday 23 May at 5 pm: Panel on Humanitarian and Resilience Investing – Creating Pathways to Scale.
Tuesday 24 May at 6 pm: Multilateral session – Moving clean hydrogen from hype to reality.
Wednesday 25 May at 7.30 am: Session on Diplomacy Dialogue on the Western Balkans.
Thursday 26 May at 9 am: Session on Industry Net-Zero Transformation – The Financing Challenge.
EIB Director General for Operations Jean-Christophe Laloux will speaking at the following panels:
Wednesday 25 May at 07.00 am: Panel discussion with Heads of major financial institutions – Big-picture view of the 3 Seas initiative from the perspective of Western financial institutions.
Wednesday 25 May at 09.30 am: Joint Governors Policy Meeting: Net-Zero infrastructure
Teresa Czerwińska appointed Vice-President of the European Investment Bank
Teresa Czerwińska is the new Vice-President and Member of the Management Committee of the European Investment Bank (EIB). She will take up her duties on the 1st of March.
The EIB’s Board of Governors appointed Mrs Czerwińska, a Polish national, on a proposal from the Finance Minister of the Republic of Poland.
Upon joining the EIB, Teresa Czerwińska said: “I am delighted and deeply honoured to join the bank of the European Union at a pivotal time for this institution. The EIB fosters long-term investments in four well-known priority areas – infrastructure, climate and environment, innovation and small and medium-sized businesses. It thus contributes to the prosperity, competitiveness and balanced territorial development of countries and regions in Europe and beyond. The EIB has also a huge role to play in facilitating the implementation of the European Green Deal. All these tasks are of colossal importance now – I am extremely happy to be a part for this great endeavour and work with the EIB team for the success and well-being of our citizens.”
Prior to becoming EIB Vice-President, Mrs Czerwińska was a member of the board of the National Bank of Poland since June 2019. Between January 2018 and June 2019, she was Minister of Finance of the Republic of Poland. In this role, she was also a Governor of the European Investment Bank. Before that, she held the position of Undersecretary of State responsible for the state budget at the Ministry of Finance (from June 2017 to January 2018) and, before that, at the Ministry of Science and Higher Education (December 2015 to June 2017) in Poland.
Teresa Czerwińska is a Professor of Economics at the Warsaw University. She specialises in finances and risk management.
The Management Committee is the EIB’s permanent collegiate executive body, consisting of a President and eight Vice-Presidents. The Board of Governors – the Finance Ministers of the 27 EU Member States – appoints the members of the Management Committee.
Under the authority of Werner Hoyer, President of the EIB, the Management Committee collectively oversees the day-to-day running of the EIB as well as preparing and ensuring the implementation of the Board of Directors’ decisions.