Metro Pacific unit ready to invest P1-B in hospital acquisition


MANILA — The health care investment arm of conglomerate Metro Pacific Investments Corp. (MPIC) is ready to invest PHP1 billion this year in the acquisition of hospitals nationwide, as it scales up its footprint in the health care industry.
Metro Pacific Hospital Holdings, Inc. (MPHHI) president and chief executive officer Augusto Palisoc Jr. told reporters that the company aims to increase its hospital bed capacity from the current 3,300 beds to 5,000 in five years.
“We continue to look for hospitals to invest in, then our primary care clinics. We continue to look for other health care business to invest in,” Palisoc said.
He noted they had funds available for investment in the health care sector at PHP1 billion, which he expects to be used within the year.
“Typically, we want to invest in best hospitals in each province. Then, it also depends on partners we can get, the chemistry is also important, and the expansion potential (of the business),” Palisoc said.
The MPHHI, he said, operates 14 hospitals nationwide, located in Metro Manila, Tarlac, Bulacan, Bacolod, Davao, General Santos, and Zamboanga.