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Ayala acquires Healthway Philippines

/ 04:44 AM December 07, 2019

The country’s oldest business house, Ayala Corp., has beefed up capacity to provide health care services to millions of Filipinos with the acquisition of local specialty and corporate clinic network Healthway Philippines.

Ayala Healthcare Holdings Inc. (AC Health) bought 100 percent of Healthway from Hong-Kong based HKR International (HKRI) Ltd., a diversified company with investments in real estate, hospitality and health care throughout Asia, AC Health’s parent conglomerate Ayala disclosed to the Philippine Stock Exchange on Friday.

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Healthway brings to the table seven mall-based multi-specialty clinics and 40 corporate clinics, expanding AC Health’s clinic portfolio, which today includes 70 FamilyDOC community-based primary care clinics and 10 corporate clinics.

“We are very pleased to welcome Healthway to AC Health and the Ayala group. The Healthway name has become synonymous with quality health care and has been well-regarded among patients and medical professionals. We intend to build on this further, as we integrate Healthway with our AC Health portfolio,” said AC Health chair Fernando Zobel de Ayala.

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“We are extremely excited about it. I think this will further strengthen our clinical network and leadership position in retail clinics. We now will have complementary primary care clinics with FamilyDoc and multispeciality and corporate clinics with Healthcare to serve millions of Filipinos,” said Paolo Borromeo, president and chief executive officer of AC Health.

Since it began operations in 1998, Healthway has served more than two million patients, and has a network of around 800 doctors, across different specialties. It has branches in SM North Edsa, Festival Mall, Alabang Town Center, Adriatico Manila, Shangri-La Mall, Market-Market and Greenbelt 5. Its clinics offer a comprehensive range of out-patient services including specialty consults, imaging, laboratory, specialized diagnostics, ambulatory surgical services, dental services, and physical therapy.

Borromeo said Healthway could eventually expand to other major cities like Cebu, Davao and Iloilo.

“We are very proud to join the AC Health family. Over the years, we have worked hard to establish Healthway as one of the leading and most preferred health care providers in the country, and we look forward to becoming even stronger now that we are part of a broader network,” said Sidney Hui, president and CEO of Healthway Philippines.

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