Published on 24 October 2012 [ manilatimes.net ]
Written by MADELAINE B. MIRAFLOR
Metro Pacific Investment Corp. (MPIC)
is poised to acquire two more hospitals in as it expands its presence in the
country’s healthcare industry.
David Nicol, chief financial officer
of MPIC, said in an interview with reporters that they are going to acquire two
more hospitals within wider Metro Manila.
“We have six hospitals in our
portfolio and we are about to announce the closure of another two at the
acquisition front within the end of this year, which will take us at/to 2,100
beds,” Nicol also said during the COL Financial: Special Customer Briefing
where MPIC, together with other blue chip firms, were invited to discuss
developments. As for the value of the hospitals, Nicol said that they want to
uphold confidentiality.
“Because the vendors are quite
sensitive, and I would rather disclose it technically when it’s done,” he said.
Nicol also noted that MPIC is in the
process of growing its healthcare business with the hospital group expected to
contribute earnings of P1.5 billion a year beginning 2015 or 2016.
MPIC’s hospitals in the country are Asian
Hospital in Alabang, Makati Medical Center, Cardinal Santos Medical Center in
San Juan, Our Lady of Lourdes Hospital in Manila, Riverside Medical Center in
Bacolod and Davao Doctors Hospital in Mindanao.
Nicol also said that MPIC is also
after new infrastructure-related opportunities in the country.
He said that they are looking at new
investments in airports, waste management and green energy to add to its
existing businesses in power generation, toll roads, water utility and
healthcare.
“Part of the central thesis in MPIC is
to find new investments and new partners to work with, to develop the
infrastructure in the country, to make good financial returns for our
shareholders,” Nicol added.
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