The September 2010 opening of a new technologically modern hospital in Tepic, Mexico, by the Centro Médico Puerta de Hierro was funded by the Inter-America Development Bank and the International Financial Corporation , and has greatly increased medical services for residents in the area. Prior to establishing the new hospital, the city’s population of approximately 330,000 people had to travel one hour to receive treatment in Guadalajara. The new hospital in Tepic, Mexico, received not only funding, but also a great deal of support from the Inter-America Development Bank and the International Financial Corporation.
A second hospital is projected to open in Colima, the capital of the Mexican state of Nayarit. Peter Stevenson, an Inter-America Development Bank project team leader stated, “We provided capital that was not readily available in the private market with tenors that were compatible to the needs of investors.”
These two hospitals will provide state-of-the-art care for individuals who are both publically and privately insured by the Mexican healthcare  system. Additionally, they will provide special services, conduct surgery, diagnose, and treat a variety of different neurological and cardiovascular diseases – reducing the burden experienced by overcrowded hospitals nearby. Furthermore, the hospitals have already created many employment opportunities in the surrounding Mexican communities.