WILLEMSTAD – The decision by CMC Vastgoed to invest XCG 4 million in the purchase of part of the former Sint Elisabeth Hospital (SEHOS) complex has come under parliamentary scrutiny amid concerns about the financial situation of the Curaçao Medical Center (CMC) and the availability of funds for essential hospital investments.
MAN-PIN parliamentary leader Giselle Mc William has asked Minister Charles Cooper to explain how CMC Vastgoed financed the acquisition and whether the investment is financially justified given the challenges facing the hospital.
The questions form part of a broader parliamentary inquiry into the XCG 13 million purchase of portions of the former SEHOS property by the government of Curaçao and CMC Vastgoed.
According to earlier reporting by Curaçao.nu, CMC Vastgoed financed its XCG 4 million contribution using funds obtained through a legal dispute related to the construction of the new hospital.
Mc William wants the minister to confirm the source of the money and explain why these funds were used to purchase additional real estate rather than address existing financial obligations and investment requirements.
A particular concern is the outstanding rental debt owed by CMC Exploitatie to CMC Vastgoed.
The parliamentarian has asked Cooper to disclose the exact amount of this debt as of September 30, 2026.
The relationship between CMC Exploitatie and CMC Vastgoed is important because the entities are involved in different aspects of the hospital's operations and property management. Financial difficulties affecting one organization can have consequences for the broader hospital structure.
Mc William has also pointed to an estimated XCG 87 million in necessary replacement investments for which, according to her questions, no funding has been reserved.
These investments raise concerns about the hospital's ability to maintain its facilities, equipment, and infrastructure over the coming years.
Against that background, the decision to allocate XCG 4 million to the acquisition of former SEHOS property has prompted questions about financial priorities.
The parliamentary inquiry also extends to the government's own XCG 9 million contribution to the purchase.
Mc William wants to know whether the expenditure was included in Curaçao's 2026 budget. If the acquisition was not originally budgeted, she is asking whether the government submitted a budget amendment and what legal and financial provisions authorized the expenditure.
Additional transaction costs are also under examination, including property transfer taxes, notarial fees, and registration expenses.
The minister has been asked to identify who paid these costs and which budget allocations were used to cover any expenses borne by the government.
The questions highlight broader concerns about financial transparency and accountability in major public-sector property transactions, particularly when institutions involved are already facing financial pressures.
Cooper is expected to address these matters during the public parliamentary question session scheduled for Thursday, October 29, beginning at 8:30 a.m.
His answers may provide greater clarity about the financial relationship between CMC Vastgoed and CMC Exploitatie, the source of the acquisition funds, and whether the purchase of the former SEHOS property was consistent with the hospital's long-term financial needs.