Chandler invests in TMC

MANILA, Philippines - The Chandler Corp. announced today a significant minority investment in Professional Services, Inc., owner and operator of The Medical City. TMC is the Philippines’ leading integrated network of branded hospitals and clinics. This investment complements the Chandler Corp.’s recent acquisition of an 80 percent shareholding in Hoan My Medical Corporation, Vietnam’s largest hospital network, as well as its existing healthcare businesses in the Philippines, Indonesia, and Kenya. The Chandler Corporation’s vision is to become a leading healthcare provider in Southeast Asia. “The Chandler Corp.’s shareholding in The Medical City, together with our recent acquisition of Vietnam’s Hoan My Medical Corporation, provides us with a strong platform to grow and achieve our goal of becoming a leading healthcare service provider in Southeast Asia. Together, these two networks serve more than two million people annually. We share the same vision and principles as The Medical City and its founders. The Chandler Corp.’s investment in The Medical City reflects our philosophy of building and investing in great companies which create significant social value and drive national prosperity,” commented David Walker, CEO of the Chandler Corp. “The Chandler Corporation is a globally renowned business group, which has a clear passion for and a strong track record of investing in great companies and high-growth emerging markets. The Medical City highly values the Chandler Corporation’s support as a strategic investor in achieving our long-term growth ambitions,” said Dr Alfredo Bengzon, CEO and co-founder of TMC.