Metro Pacific buys 70% stake in Cavite hospital

MANILA, Philippines — Metro Pacific Health Corp. (MPH) has expanded its private hospital footprint with the acquisition of its 21st hospital.

MPH acquired a 70.4 percent stake in MCI, a 90-bed hospital in Cavite which caters to the cities of Imus and Bacoor.

MCI, founded 21 years ago, is a Level 2 hospital, which is readily expandable to 120 beds.

The hospital, which has a pool of 97 active specialists and 200 visiting doctors, sits on more than a hectare of property, inclusive of about 6,000 square meters of vacant land currently utilized for surface parking.

“This is our first hospital in the much-coveted Cavite province which, due to industrialization and the influx of OFW families in the past decades, has grown to be the country’s second most populated and second densest province (next to Cebu and Rizal, respectively),” said MPH president Augie Palisoc Jr.

MPH incoming deputy CEO Dr. Jo Eileen Suzanne Ringler-Pama said the company sees a lot of potential in the hospital given that it is in the middle of a highly populated fertile market.

“We are excited to apply MPH’s group synergies to MCI and raise patient experience to new levels never before seen in Cavite, by strengthening management and investing in infrastructure improvements,” she said.

MPH is the Philippines’ largest private hospital group with a nationwide network of   hospitals, including Makati Medical Center, Cardinal Santos Medical Center, Asian Hospital, Manila Doctors Hospital, Marikina Valley Medical Center, De Los Santos Medical Center, Our Lady of Lourdes Hospital, Commonwealth Hospital, and the Jesus Delgado Memorial Hospital in the NCR.

In the provinces, the MPH group includes Central Luzon Doctors Hospital in Tarlac, Sacred Heart Hospital in Malolos, Calamba Medical Center, Los Banos Doctors Hospital, Riverside Medical Center in Bacolod, Ramiro Community Hospital in Bohol, MJ Santos Hospital in Butuan, Davao Doctors Hospital, St Elizabeth Hospital in General Santos City, Howard Hubbard Hospital in Polomolok, and West Metro Medical Center in Zamboanga. In addition to hospitals, the MPH network also includes 24 outpatient care centers, six provincial cancer radiotherapy centers, two allied healthcare colleges and one central laboratory.

It is under the leadership of chairman Manuel V. Pangilinan and part of his conglomerate Metro Pacific Investments Corp. (MPIC).