ALI to include healthcare in mixed-use developments

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Property giant Ayala Land Inc. (ALI) is looking to include a healthcare portfolio in all of its existing mixed-use developments across the country, as well as into those that the company is just about to develop.

Jaime Ysmael, ALI chief financial officer, said in an interview with reporters that the company targets to put a healthcare facility or small hospitals into all of its mixed-use projects, or much more into its projects that are currently being master-planned.

“We’re now looking at rolling out [more healthcare facilities]. 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,” he said.

“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 explained that the hospitals that ALI intends to roll out are more of diagnostic centers.

“It’s not going to be a major investment for us, but it is an essential component to make our offerings complete,” he further said.

The listed developer previously announced that it secured a deal to acquire Whiteknight Holdings Inc., a company wholly owned by the Mercado family and a 33-percent equity stockholder of Mercado General Hospital Inc. (MGHI).

The acquisition of WHI signifies the firm’s entry into country’s healthcare business.

For the remaining part of 2013, ALI is eyeing further growth as it posted significant improvements during the first half of this year.

“We expect the trend to continue. It’s been a very good first half so far and the sales continue to be up. The development side of the business also went up. If you look at the average, it’s P8 billion per month, compared to the P6 billion per month last year. So, it’s been a very good year across pretty much all the product lines,” Ysmael said.

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