MPIC eyes Medical City, other hospitals as acquisition targets - News Summed Up

MPIC eyes Medical City, other hospitals as acquisition targets


MANILA, Philippines — Infrastructure holding firm Metro Pacific Investments Corp. (MPIC), chaired by tycoon Manuel V. Pangilinan, is looking at several hospitals including The Medical City. The Medical City is in the middle of a legal tussle between a faction led by now chairman Jose “Eckie” Gonzales and former president and chief executive officer Alfredo Bengzon. Pangilinan said The Medical City would be an interesting addition to MPHHI since it is a major hospital in Metro Manila. In 2007, MPIC entered the healthcare industry when it acquired a 32.5 percent stake in Medical Doctors Inc., the owner and operator of Makati Medical Center. Other hospitals under the group’s portfolio include Asian Hospital, Cardinal Santos Medical Center, Manila Doctors Hospital, De Los Santos Medical Center, Our Lady of Lourdes Hospital, Delgado Hospital, Marikina Valley Medical Center, Davao Doctors Hospital, Riverside Medical Center in Bacolod, Central Luzon Doctors’ Hospital in Tarlac, West Metro Medical Center in Zamboanga, St. Elizabeth Hospital in General Santos City, and Sacred Heart Hospital in Malolos, Bulacan.


Source: Philippine Star February 27, 2019 16:00 UTC



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