Metro Pacific Hospital Holdings Inc., the healthcare investment arm of conglomerate Metro Pacific Investments Corp., infused an additional P133.5 million in Delgado Clinic Inc. through a subscription to preferred shares.
Delgado Clinic owns and operates Dr. Jesus C. Delgado Memorial Hospital, a tertiary general hospital in Quezon City.
Metro Pacific said in a disclosure to the stock exchange MPHHI’s subscription to preferred shares represented 65 percent of the total expanded capital stock of Delgado Clinic.
Metro Pacific said the cash infusion would enable the 68-year-old JDMH to upgrade its equipment and facilities and expand its capacity.
“We welcome the investment of MPHHI, the largest private hospital group in the country, into our hospital. The Delgado family will stay as a significant shareholder of the company and will continue to participate in its growth and strategic plans through our directorships in the board of DCI,” Violeta Delgado Cojuangco, a representative of the Delgado family, said.