MPIC hospital arm to invest P15B in expansion toward 2020

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METRO Pacific Hospital Holdings Inc. (MPHHI), the hospital and healthcare vehicle of Metro Pacific Investments Corp. (MPIC), is set to invest P15 billion for its expansion programs toward 2020.

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In its 2020 Vision, the company is targeting to have a portfolio of 26 hospitals by 2020 through aggressive acquisition deals.

The company has been active in seeking acquisition opportunities for tertiary hospitals, already having invested over P12 billion for its network of 12 hospitals to date.

MPHHI is also targeting to have 30 clinics, 12 cancer centers, two specialty hospitals, and one central lab by 2020.

The expansion programs under its 2020 Vision are expected to raise MPHHI’s consolidated net profit to P3.9 billion by 2020, which is three times its P1.3 billion profit in 2015, while total revenues are also projected to hit P38.6 billion by that time.

For its primary care segment, the company seeks to partner with a reputable international primary care provider and is currently talking with two potential partners in Colombia and Japan.

This international partner should be able to give MPHHI the technical knowhow on providing the best quality healthcare to its patients.

MPHHI will scout for spaces in malls, schools, offices and townships to build its primary care establishments.

Other than operating private hospitals, MPHHI currently also has a mall-based diagnostic center, MegaClinic, and healthcare colleges, namely Davao Doctors College and Riverside College in Bacolod.

MPHHI is the healthcare services arm of conglomerate MPIC, the holding firm of businessman Manny Pangilinan’s investments in water utilities (Maynilad), toll roads (Metro Pacific Tollways Corp. and Manila North Tollways Corp.), and electricity distribution (Meralco), among others.

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