KKR, GIC seal investment in MPIC Hospitals 0 SHARES Share it! Share TweetBy James A. LoyolaMetro Pacific Investments Corporation (MPIC), global investment firm KKR, and Singapore’s sovereign wealth fund GIC have completed investments in Metro Pacific Hospital Holdings, Inc. by KKR and an affiliate of GIC. In a disclosure to the Philippine Stock Exchange, MPIC said these were made through a series of transactions in common shares in Metro Pacific Hospitals and in mandatorily exchangeable bonds issued by MPIC. Proceeds from the sale of shares in the Company will be used to support Metro Pacific Hospitals’ potential investments in additional hospitals and new healthcare businesses. Metro Pacific Hospitals is the operator of the largest private hospitals and healthcare network in the Philippines in terms of authorized bed capacity and revenues, with interests in 14 hospitals and approximately 3,200 beds across the country.

Source: Manila Bulletin December 09, 2019 13:52 UTC