PHINMA Education Holdings, Inc. (PEHI), the education services subsidiary of PHINMA Corp., acquired a controlling stake in Rizal College of Laguna Inc., the eighth in its local education network.
PEHI paid P449 million for the acquisition, which marks its debut into the Laguna market.
“Making quality education accessible to as many underserved students as possible is the driving force behind PHINMA Education,” said PHINMA Education Philippines country head Raymundo Reyes. “We are excited to welcome our Laguna students, who will benefit from being a part of our larger network that already serves 74,000 students in the Philippines alone.”
Rizal College of Laguna currently offers Junior and Senior High School and undergraduate courses in Education, Business Administration, Office Administration, and Industrial Technology.
“Whether we are operating a school in the Philippines or elsewhere in Southeast Asia, we want our graduates to be top-of-mind for employers,” he noted. “Thus we will be offering even more courses suited to the current employment landscape.”