METRO Pacific Hospital Holdings Inc. (Metro Pacific Health) is looking to raise its hospital portfolio to 27 this year.
Augusto Palisoc, Metro Pacific Health president, said the company is still short of two for its target after announcing the planned acquisition of Agusan del Sur’s San Francisco Doctors Hospital.
“We started 2023 with 19 hospitals. From 19 it became 23. For this year, our battle cry is four more in 24. And so far we have Parañaque Doctors and this second one (San Francisco Doctors),” he said.
According to Palisoc, the company prefers to invest in brownfield hospitals as there are still many places where Metro Pacific Health has no presence yet.
“We continue to always look for hospital investments,” he said.
“Our success has been on the back of basically investing in existing hospitals and either turning them around or growing them. That will remain to be our preferred thrust. Not to say that we’re closing our doors on greenfields, but I think that that will come in due course,” he added.
In the acquisition plan for San Francisco Doctors Hospital, Palisoc said the company hopes to close the deal next month at the latest. Metro Pacific Health is buying 72 percent of the 100-bed San Francisco Doctors.
San Francisco Doctors Hospital started full operations in 2013 with its two-story structure at an 8,000-square-meter property in Barangay Hubang, San Francisco.
