State-run Land Bank of the Philippines granted a P500-million loan to the newly-inaugurated Healthway Cancer Care Hospital (HCCH) in Arca South, Taguig City.
HCCH is under AC Health’s hospitals and clinics arm, the Healthway Medical Network (HMN), and is the first dedicated comprehensive cancer hospital in the Philippines.
The loan will fund the hospital’s general corporate requirements, which includes acquisition of essential medical equipment to enhance the hospital’s capacity to provide the best care to patients battling cancer.
“Healthcare is a very important pillar to us at LandBank. This P500-million transaction to boost the operations of Healthway Cancer Care Hospital will go a long way towards providing responsive and accessible cancer care. We hope that this is the start of a fruitful and meaningful partnership that will span many years,” said LandBank president and CEO Lynette Ortiz.
Ortiz and AC Health and HCCH chairman Paolo Maximo Borromeo signed the loan agreement on Jan. 10, 2024 in Taguig City.
HCCH offers a range of treatment modalities, including chemotherapy, radiation, surgery and diagnostics catering to a broad base of patients.
“The involvement of LandBank underscores the power of partnerships in creating a sustainable model that addresses the immediate challenges of cancer care while contributing to the larger mission of improving the overall health landscape in the Philippines —allowing us to sustain our facility, to deliver world-class cancer care and implement innovative solutions that drive down costs. LandBank’s support is an endorsement of our vision of transformative, inclusive healthcare,” said AC Health and Borromeo.