Ayala Corp. has partnered with Far Eastern University to manage the latter’s university hospital in Quezon City.
The agreement was signed by Ayala units, Ayala Healthcare Holdings Inc. and Healthway Medical Network (HMN), and the Far Eastern University-Dr. Nicanor Reyes Medical Foundation Inc. (FEU-NRMF).
Under the agreement, HMN will manage FEU-NRMF’s 300-bed university hospital, FEU-NRMF Medical Center, for up to 24 months starting January 2024, followed by a full turnover of hospital operations through a 35-year lease agreement.
Under the management agreement, HMN will have oversight over clinical, financial and administrative operations. The interim management period is expected to facilitate the smooth transition of FEU-NRMF operations to HMN.
Both agreements shall be effective upon fulfillment of certain conditions.
Founded in 1955, FEU-NRMF Medical Center was originally established in Morayta, Manila, to serve the health care needs of the community and provide training for the students of the Institutes of Medicine and Nursing.
With the scarcity of hospitals and the growing demand for education in the medical and allied health professions, it relocated to the dense, yet underserved neighborhood of Fairview in 1999.
Through the years, it has risen to prominence as the only Level 3 hospital in its district, offering seven fellowship and 10 residency training programs to complement its roster of degree programs in medicine, nursing, pharmacy, radiologic technology, medical laboratory science, physical therapy and respiratory therapy. – Ruelle Castro
