Property giant Ayala Land Inc. (ALI) is planning to build nine healthcare facilities in the next four years in a bid to complete its offering for its mixed-use developments across the country.
In his presentation in the COL Corporate Briefing held last week, ALI Chief Financial Officer Jaime Ysmael mentioned that the company has planned out to build nine healthcare facilities within its community developments nationwide.
However, Ysmael noted that the plan is just “preliminary” and no formal actions have yet been taken to pursue the establishment of the facilities.
“This is part of the expansion plans of the company just to complete the amenities of our mixed-use developments,” he added.
According to him, the company has identified “specific sites” where there will put the nine healthcare facilities, although he declined to identify the locations.
Asked if ALI plans to become a major player in the hospital industry, Ysmael indicated that as of now, the firm only intends to complete its offerings for its mixed-use communities.
“If it becomes profitable, we’ll see,” he specified.
In August, the listed property developer made known to the public about its plan to include a healthcare portfolio into all of its existing mixed-use developments across the country, as well as into those that the company is just about to develop.
“The first one will probably be in Iloilo and hopefully in Nuvali [in Laguna], we can also do that, and then in San Jose Del Monte in Bulacan,” Ysmael said earlier.
“These are just small ones. These are just to complete the integrated developments that we have, we need medical facilities. And also the kind of model that we’ve been pursuing, these are not the large hospital models, usually smaller ones,” he added.
Ysmael also said earlier that hospitals will not be a major investment for ALI. ALI holds a stake in Whiteknight Holdings Inc., a company that is wholly owned by the Mercado family and a 33-percent equity stockholder of Mercado General Hospital Inc.