Ayala Healthcare Holdings, Inc., a wholly-owned subsidiary of conglomerate Ayala Corp., invested in an ePharmacy company as a part of the group’s strategy to increase accessibility and affordability of healthcare services.
Ayala Corp. said in a disclosure to the stock exchange it invested in early startup Wellbridge Health Inc., which owns MedGrocer, an integrated ePharmacy and medicine benefits management service provider.
“The investment of AC Health into MedGrocer fits well with both our pharmacy and health tech aspirations,” said AC Health chief executive Paolo Borromeo.
“On the pharmacy side, we are exploring new ways to reach the consumer and deliver affordable medicine; on the health tech side, we are looking to build a portfolio of innovative technology solutions across the continuum of care,” Borromeo said.
MedGrocer enables customers to order medicines online and have these medicines delivered directly to them. Its online platform also allows patients to compare prices and obtain essential information for their medications prior to purchase.