The $15 million agreement is part of an investment exceeding $25 million for new theaters, advanced equipment, and expanded capacity in Bayamón, Mayagüez, and Manatí.
December 8, 2025 – 6:40 PM
By Efraín Montalbán Ríos
Business Reporter
The photo shows a view of the Bayamón Medical Center, managed by the Quirós Group. The financing provided by Sygnus Capital will strengthen the services offered by the Manatí, Mayagüez, and Bayamón Medical Center hospitals; Puerto Rico Children’s Hospital; Mayagüez Medical Center San Antonio; and CT Radiology Complex.
Grupo Hospitalario Quirós finalized a $15 million financing agreement with Sygnus Capital Puerto Rico to carry out an ambitious expansion plan for medical infrastructure and critical healthcare services, Marian de Jesús, business development manager at the alternative financing and investment firm, announced Monday.
The agreement involves Manatí, Mayagüez, and Bayamón Medical Center; Puerto Rico Children’s Hospital; Mayagüez Medical Center San Antonio; and CT Radiology Complex.
The structured financing is part of an ongoing expansion plan exceeding $25 million, which will support, among other initiatives, the development of new facilities, the acquisition of medical technology, and the expansion of specialized programs in cardiology, oncology, pediatric oncology, and post-liver transplant patient care.
“We know there is a great need in the healthcare sector, and we want to do our part. We have always been committed to healthcare and want to continue supporting it,” de Jesús told El Nuevo Día.
“Currently, there are challenges within the industry, and hospitals are closing. Recently, there was news about the closure of Hope Medical Center in Humacao and Hospital del Maestro.”
Discussions to secure the alternative financing began earlier this year, and the transaction was completed last May, de Jesús explained.
Part of the investment — approximately $7 million — will be allocated to the installation of high-tech equipment at the former Hospital San Antonio in Mayagüez, which has been taken over by Mayagüez Medical Center.
The financing will also support the purchase of advanced diagnostic imaging equipment, including state-of-the-art magnetic resonance imaging (MRI) and computed tomography (CT) machines, valued at more than $11 million.
New Services in Bayamón
The expansion plan also includes the development of a new emergency room at Bayamón Medical Center, representing a $30 million investment backed by already approved federal CDBG funds, as well as the addition of 50 inpatient beds to accommodate the growing volume of patients.
According to José L. Quirós, president of the hospital group, these investments respond to the healthcare system’s real and urgent needs.
“We measure success by the lives we are able to impact and the quality of care we provide to our people. With Sygnus’ support, we are bringing world-class healthcare services closer to the communities that need them most. This is about ensuring that patients in Puerto Rico — whether in metropolitan areas or mountainous regions — have access to the same level of medical care found at top-tier hospitals abroad,” Quirós stated.
This financing agreement comes at a time when the hospital group has reached significant milestones as an organization, performing nearly 11,000 catheterizations and more than 600 open-heart surgeries annually. The group has also expanded cancer treatment programs and pediatric bone marrow transplant services.
Focused on the New Year
Shortly before the start of 2025, Sygnus Capital told El Nuevo Día of its interest in strengthening its presence in the healthcare and renewable energy sectors, a goal it achieved by providing more than $16 million in financing for photovoltaic projects, along with this recent hospital group transaction.
De Jesús said that for the remainder of the year and into next year, the firm is evaluating additional financing opportunities within the healthcare sector, particularly with existing clients.
“During this year, we have completed several very important transactions in the healthcare and energy sectors. These are two sectors we are supporting very intensively because we know there is a great need in the country,” de Jesús emphasized.
Sygnus Capital’s goal is to surpass $100 million in alternative financing provided on the island.
