Fruitas Holdings Inc. is acquiring 100 percent of the shares of Surehealth Multi-Specialty and Diagnostic Clinic Corp., a private medical and diagnostic clinic established in 2007.
The company said the acquisition “marks Fruitas’ entry into the medical and diagnostic clinic sector within the healthcare industry.”
“Fruitas is pursuing this acquisition to take advantage of the growing demand for healthcare services in the Philippines,” said Lester Yu, Fruitas president.
Yu said Surehealth has created over the years a “strong relationships with corporations within the airline support services, construction, and logistics industries by servicing medical pre-employment, executing annual physical examinations, and performing medical laboratory tests for its clients’ workforce.”
Under the agreement, Fruitas will acquire a 100 percent stake in Surehealth which includes medical equipment, specialized manpower, and the physical clinic located at Sta. Mesa, Manila.
“The transaction is subject to execution of definitive agreements and closing is expected within two months,” the company said.
Fruitas did not disclose the acquisition cost. – Ruelle Castro
