Ayala Corp. said unit Ayala Healthcare Holdings Inc. (AC Health) has increased its shareholding in Healthway QualiMed Health Network (Mercado General Hospital Inc.) to 94 percent as proof of its continued commitment to investing in healthcare in the Philippines.
The conglomerate did not disclose how much AC Health owns in the hospital prior to the increase, simply putting it at a “majority stake.”
“Since acquiring a majority stake in 2020, AC Health has continuously invested in upgrading the facilities and equipment of the Healthway QualiMed Health Network, which initially spanned four general hospitals, one ambulatory surgical center, and several clinics across the country,” it said.
“Boosting our stake in the Healthway QualiMed Health Network underscores our continued commitment to advancing healthcare in the country. Moving forward, we will further invest in our facilities and expand our footprint to provide quality and affordable care to more Filipinos,” said Paolo Borromeo, AC Health chief executive officer (CEO).
In 2023, AC Health unveiled its unified hospitals and clinics brand–the Healthway Medical Network–demonstrating its commitment to delivering seamless and integrated care across the network.
Recently, AC Health also inaugurated the Healthway Cancer Care Hospital and partnered with the Far Eastern University-Nicanor Reyes Medical Foundation (FEU-NRMF) for the management of their university hospital, bringing its hospital count to six.
“AC Health is also set to open three new Healthway Multispecialty Centers in Cagayan de Oro, Davao, and Cebu by year-end,” it said.
“As the Healthway Medical Network expands, we will not waver on our promise of delivering patient-centric care. We will continue improving our services and facilities to benefit our growing community of patients across the Philippines” said Jimmy Ysmael, Healthway Medical Network CEO.
