10TH IN NCR Metro Pacific Health acquired a majority stake in UHBI-Parañaque Doctors Hospital. —PHOTO FROM METRO PACIFIC HEALTH
MANILA, Philippines — Metro Pacific Health Corp. (MPH), the healthcare unit of billionaire Manuel V. Pangilinan’s Metro Pacific Investments Corp., is taking over UHBI-Parañaque Doctors Hospital (PDH), widening its network in the country to 24 facilities.
MPH on Tuesday announced that it had acquired a majority stake in PDH, its 10th hospital in Metro Manila.
“Our investment in UHBI-Parañaque Doctors Hospital marks a significant milestone in our journey to expand access to quality health care across the Philippines and serve more communities in the country,” MPH CEO Harish Pillai said in a statement.
MPH plans to fully use PDH’s new seven-story building, improve patient flow and enhance patient experience, and upgrade hospital equipment to better accommodate the growing outpatient market in Parañaque City and neighboring communities.
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The 21-year-old hospital sits on a 6,000-square meter land along Doña Solenad Avenue, with a pool of over 200 active doctors.
While it currently has a 94-bed capacity, this could be expanded to as much as 150 through PDH’s new wing, according to MPH.MPIC began its foray into the healthcare industry in 2007 through MPH, which made a significant investment in Makati Medical Center that year.
Other hospitals in its portfolio are Asian Hospital and Medical Center, Cardinal Santos Medical Center, Manila Doctors Hospital, Davao Doctors Hospital, and Riverside Medical Center.
MPH last year took over Lucena United Doctors Hospital and Medical Center in Quezon province after acquiring 61 percent of Lucena United Doctors Inc. INQ