Metro Pacific Investments Corp. plans to acquire 12 hospitals this year, which will bring its current network of medical facilities to 20.
MPIC chairman Manuel Pangilinan told reporters the group was looking at a “dozen” hospitals to acquire this year. He did not provide details. MPIC currently owns eight premier hospitals, including Makati Medical Center and Asian Hospital.
MPIC, together with GIC, Singapore’s sovereign wealth fund through its private equity arm, announced last year they were looking at opportunities in the healthcare industry in the Asean region while plans were also underway for domestic expansion.
MPIC and GIC earlier signed a definitive partnership agreement to facilitate the further expansion of the hospital group of MPIC.
The MPIC hospital group under NSHI includes Makati Medical Center, Asian Hospital, Cardinal Santos Medical Center, Our Lady of Lourdes Hospital, De los Santos Medical Center, Davao Doctors Hospital, Riverside Medical Center in Bacolod and Central Luzon Doctors Hospital in Tarlac.
