Villar Group to enter hospital business

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Business Tycoon and former senator Manuel Villar Jr. seeks to enter the hospital business with the establishment of Vitacare healthgroup Inc., which aims to put up at least 12 hospitals in the coming years.

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In an interview with reporters last week, Villar said the first hosptial, to be named Vitacare Unimed Hospital & Medical Center will be located Vista City in Daang Hari Road and is the first of the 12 hospitals the group plans to build.q

“The plan is we’re initially looking at twelve muna. Sa Daang Hari ang first, in partnership with Unimed. They’re this group of doctors, and they’ve been building hospitals in past few years,” said Villar.

He added that the locations of the other hospitals have already been identified.

“We have identified, we have locations for the next 12 hospitals already, which we own. The 12 hospitals that we have identified are already owned by the company. So ilalagay na
lang namin– parang fill in the blanks na lang,” said Villar.

Possible locations for the next hospitals include LakeFront in Paranaque; Balanga, Bataan; Malolos and San Jose del Monte in Bulacan; General Trias and Tanza, Cavite; Santo Tomas, Batangas; San Fernando, Pampanga; Camarines Sur, Naga; Talisay, Cebu; Boton, Iloilo; as well as Davao and Cagayan de Oro.

Groundbreaking for the first hospital will be on December 5, and construction will begin in May 2016. The company targets to complete phase 1 of construction which will include 100 beds for the hospital in around 2 years.

Capital expenditure(capex) for the first hospital in Daang Hari amounts to P500 Million.

The Vitacare Unimed Hospital & Medical Center in Daang Hari will sit on 3,000 square meter lot and will be 9-storeys tall. Villar noted that this can still be expanded since they have reserved the land next to the hospital.

He also said they will rapidly launch other branches of the hospitals and will not wait for the completion of hospitals undergoing construction.

“Some time in 2016, we should be launching the second and the third. Kasi hindi naman kailangan ung one after the other eh,” said Villar.

Villar said the the group’s venture into the health industry is in line with the company’s aim of completing the services it offers, especially to cater to the communities that their property development arm, Vista Land & Lifescapes has built.

“Then we thought there are a few more services that we should be giving. Sa commercial meron na,Starmall, Vistamall. Alll-home sa retailing meron na tayo. Pero kulang pa din, meron pa yung hospitals,schools and hotels. So medyo nagsisimula na kami sa tatlong yon.[It’s still not enough. There are still hospitals, schools and hotels. And we’re beginning to work on those three.]” said Villar.

He also said that they will have different partners for the hospitals per location.

“We’ll have different partners for every location. This can be the same partner, kung kaya nila[If they are able to}. Pero kung di nila kaya[But if they are not able to], we have reserved the right to have different partners. But we can move very quicky since we own the land and we will put in the land as our equity,” said Villar.

He added “Our partners will provide the technology and the market. We provide the land and the market and the financial expertise. Prang samin,we will run the finance, they will run the operations.

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