Metro Pacific Health buys another hospital
METRO Pacific Health Corp. (MPH), a unit of Pangilinan-led Metro Pacific Investments Corp. (MPIC), further boosted its portfolio with the purchase of a majority stake in UHBI-Parañaque Doctors Hospital Inc. (PDH) on Tuesday.
The 94-bed level 2 facility, which stands on about 6,000 square meters of land, is MPH’s 10th hospital in Metro Manila.
“Parañaque City is a key market between Makati and Muntinlupa, which MPH has been keen to have a presence in,” MPH President Augie Palisoc Jr. said in a statement.
“We are grateful to be part of PDH, a hospital with a rich history and a strong pool of over 200 active doctors,” he added.
The transaction’s financial details were not immediately made available.
PDH’s facilities include a new seven-story building, which was completed just before the onset of the pandemic and, when fully activated, can boost capacity to a total of 150 beds.
MPH said it planned to fully utilize the new building, upgrade hospital equipment, enhance clinic spaces and improve patient flow to provide better experiences to patients in line with the goal of drawing in a larger outpatient market.
MPH Chief Executive Officer Harish Pillai, for his part, said the investment demonstrated the group’s commitment to expanding “access to quality health care across the Philippines and [serving] more communities in the country.”
“As we integrate UHBI-Parañaque Doctors Hospital into the Metro Pacific Health Group, our focus remains steadfast on delivering patient-centered care, prioritizing quality, safety and affordability.”
MPH now has 24 hospitals in its nationwide portfolio that includes Asian Hospital and Medical Center, Cardinal Santos Medical Center, Manila Doctors Hospital, Davao Doctors Hospital and Riverside Medical Center in Bacolod.
Chaye Cabal-Revilla, MPIC chief finance, risk and sustainability officer, earlier said that they were looking to expand the hospital portfolio to 40 before the end of 2025.
She said that MPH would purchase smaller hospitals, adding that “the logic there is that if it’s bigger, it will take us a bit longer to do due diligence.”