Conglomerate Ayala Corp. is expanding its investments in the healthcare sector, as it plans to roll out 100 retail clinics under the brandname FamilyDoc over the next three years.
Ayala Corp. managing director Paolo Borromeo said in a interview the conglomerate through unit Ayala Healthcare Holdings Inc. developed a smaller format primary care clinic with pharmacy, a diagnostic center and physician to handle consultations in December.
Ayala Healthcare now has two FamilyDoc clinics in Las Piñas and Imus, Cavite.
“If this becomes successful, we plan to build 100 clinics over the next three years,” Borromeo said.
Initial investment for one clinic with a 100-square-meter space ranges from P6 million to P7 million.
Borromeo said the company planned to build the chain of retail clinics in middle-income communities across the country.
Each clinic will have one doctor, two nurses, one pharmacist and one radio technician. Operating hours are between 7 a.m. to 9 p.m. Consultation fee is P350 per patient.
The Ayala group entered the affordable retail healthcare space in 2015, with the acquisition of a 50-percent stake in the Generika group, one of the pioneers in retail distribution of quality generic medicines with 570 stores nationwide.
The conglomerate also formed QualiMed, a chain of hospitals and satellite clinics, in partnership with the Mercado Medical Group in 2014.
The conglomerate earlier said it planned to invest $50 million in healthcare and education business over the few next years to take advantage of the growing population and rising consumer spending.
Ayala Corp. is one of the country’s largest conglomerates, with investments in banking, real estate, telecommunications, water utility, infrastructure and power generation.
Share price of Ayala Corp. closed at P638 on Tuesday, down 3.2 percent from Monday’s finish.