Metro Pacific Health Corp. (MPH) said it has bought into Medical Center Imus (MCI), its 21st hospital investment to date, by buying existing shareholders.
The company acquired 70.4 percent of MCI, but did not disclose the acquisition cost.
MCI, established by a group of 30 enterprising founders 21 years ago, is a 90-bed Level 2 hospital, readily expandable to 120 beds. It caters to the cities of Imus and Bacoor, with a combined population of a million, on the strength of a pool of 97 active specialists and 200 visiting doctors.
It sits on more than a hectare of property, inclusive of about 6,000 square meters of vacant land currently utilized for surface parking.
“This is our first hospital in the much-coveted Cavite Province which, due to industrialization and the influx of OFW families in the past decades, has grown to be the country’s second most populated and second densest province (next to Cebu and Rizal, respectively),” said Augie Palisoc Jr., MPH president
“We see a lot of potential in this hospital given that it is in the middle of a highly populated fertile market. We are excited to apply MPH’s group synergies to MCI and raise patient experience to new levels never before seen in Cavite, by strengthening management and investing in infrastructure improvements,” added Dra. Jo Eileen Suzanne Ringler-Pama, incoming MPHC deputy chief executive officer.
The MPH network also includes 24 outpatient care centers, six provincial cancer radiotherapy centers, two allied healthcare colleges and one central laboratory.
