Ayala Land enters hospital business

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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.

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Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • 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.

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