METRO Pacific Health (MPH), the country’s leading private hospital network, plans to acquire 17 hospitals in the next two years in line with its target to have 40 hospitals.
Metro Pacific Investments Corp. chief finance officer Chaye Cabal-Revilla said in a press briefing Friday the group was finalizing plans to acquire two more hospitals before the end of 2023 or early next year to add to its portfolio of 23.
Cabal-Revilla said the MPH was expediting the timetable of having 40 hospitals, from an initial target of 7 to 8 years to two years.
MPIC said while its unit built a portfolio of 23 hospitals in a span of 16 years, it was expecting to accelerate acquisition plans to shorten the timetable for its target.
Cabal-Revilla said the company would focus on acquiring medium-sized regional hospitals for faster due diligence and lower investment cost.
MPH acquired three new hospitals—the Medical Center Imus, Antipolo Doctors Hospital and Lucena United Doctors Hospital & Medical Center in 2022 and 2023.
Medical Center Imus is a 90-bed level 2 hospital which is ready to expand to 120-beds, while Antipolo Doctors Hospital is a level 2 medical facility with 77 beds and a pool of 200 physicians.
Lucena United Doctors is also a level 2 hospital with 95 beds servicing healthcare the needs of Lucena and neighboring towns in Quezon province.
The MPH group includes Makati Medical Center, Asian Hospital and Medical Center, Cardinal Santos Medical Center, Manila Doctors Hospital, De Los Santos Medical Center, Commonwealth Hospital and Medical Center, Our Lady of Lourdes Hospital, Marikina Valley Medical Center, Jesus Delgado Memorial Hospital, Sacred Heart Hospital of Malolos, Central Luzon Doctors Hospital in Tarlac, Riverside Medical Center in Bacolod, Ramiro Community Hospital in Bohol, Davao Doctors Hospital in Davao, St. Elizabeth Hospital and Howard Hubbard Memorial Hospital in South Cotabato, Manuel J. Santos in Butuan and West Metro Medical Center in Zamboanga.
