Quantcast
Latest Stories

Ayala Land enters hospital business

By

Ayala Land president and CEO Antonino Aquino. file photo

MANILA, Philippines — Ayala Land Inc. is breaking into the hospital business to be able to integrate the offering of medical facilities in its mixed-use communities.

ALI announced late Monday that it had entered into an agreement to acquire Whiteknight Holdings, Inc. (WHI), a company which is wholly owned by the Mercado family and a 33 percent equity stockholder of Mercado General Hospital, Inc. (MGHI).

The acquisition of WHI will allow Ayala Land to build a strategic partnership with the Mercado group and support MGHI’s future growth, the statement said. It was pointed out that MGHI has plans to expand to other places in the country where Ayala Land has a presence or plans to operate.

“This partnership will accelerate the provision of medical facilities in our new and existing integrated, mixed-use communities,” said Ayala Land president and CEO Antonino Aquino.

“Together with our traditional residential, office, shopping center and hotel products, the new medical facilities will further enhance and complete our communities, making them the center of development in their region.”

An upcoming player in the health care industry, MGHI currently owns and operates hospitals and ambulatory surgical centers in Batangas, Cebu and Manila, and is setting up one more facility in Iloilo.

“The partnership will allow us to realize our vision of making quality health care accessible to more Filipinos,” said Edwin Mercado, president and CEO of WHI.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Ayala Land Inc. , Business , hospitals , property , Real Estate

  • don_p73

    It’s high time that medical tourism gets sturdier legs in the Philippines. With increasing competition in the hospital business hopefully driving down medical costs, the real winner would be the people.

  • marienkind

    See when we saw the gas explosions in Serendra and called it a tragedy, the thinktanks inside ALI saw the ambulances and stretchers and respondents and called it opportunity. That’s how you keep it within the community, folks. haha

  • generalproblem

    gusto nila gayahin ang st. luke. duon kasi nagpupunta ang mga magnanakaw at mayaymang kriminal kaya tiba tiba sila. medical cerificate lamg milyon siguro bayad para di maimbitahan sa senado

  • johnvforeighner

    Mixed use?? does that mean they will offer profit free services as well? or just expensive and very expensive services.

  • tadasolo

    Health care is a strong growth potential in the Philippines with resources available except the consolidations of service by big corporate players who have the resources including money and management to put together world class services and get not only local clients but international

  • NAGMAMARUNONG

    salamat sa murang sweldo ng mga medical practitioners at mahal na hospital bills. salamat at lalong yayaman ang ayala at mvp.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Henares on Pacquiao bashing: I did not start this
  • Drilon, Nancy Binay urge Filipinos to strengthen faith
  • ‘Yolanda’ toll now at 6,300 – NDRRMC
  • ‘Mom, I love you,’ says text from student on sinking ferry
  • Moderate earthquake jolts southern Iran
  • Sports

  • Power Pinays smash India in Asian Women’s Club volleyball opener
  • PH youth boxers off to stumbling start in AIBA World tilt
  • Durant has 42, Thunder beat Pistons 112-111
  • Walker leads Bobcats over Bulls in OT, 91-86
  • Man City slips further out of title contention
  • Lifestyle

  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • Entertainment

  • Will Arnett files for divorce from Amy Poehler
  • American rapper cuts own penis, jumps off building
  • Jay Z to bring Made in America music fest to LA
  • Why Lucky has not bought an engagement ring for Angel
  • Derek more private with new girlfriend
  • Business

  • Asia stocks fail to match Wall Street gains
  • Fired Yahoo exec gets $58M for 15 months of work
  • PH presses bid to keep rice import controls
  • PSEi continues to gain
  • Number of retrenched workers rose by 42% in ’13
  • Technology

  • Netizens seething in anger over Aquino ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Syria most dangerous country for journalists, PH 3rd—watchdog
  • Japan says visa-free entry still a plan
  • First Fil-Am elected to Sierra Madre, Calif. city council
  • UC Irvine cultural night to dramatize clash of values in immigrant family
  • Filipino sweets and info served at UC Berkeley Spring Fest
  • Marketplace