Saturday, October 3, 2015

stok notes: MPI/METRO Pacific Investments Corp. (03 oct 2015)

from: MPIC considers listing hospital business after elections

Metro Pacific Hospital Holdings, Inc. (MPHHI)

MPIC’s partner, Singapore wealth fund GIC through its affiliates, invested P3.7 billion to take a 14.4% stake MPHHI. GIC can increase its holdings by an additional 25.5% stake if it decides to convert into equity some P6.5 billion worth of exchangeable bonds.

that gives MPHHI a market value of around 25.5 billion pesos ... plus or minus 200 million ...

The hospitals under MPIC’s health care group are Central Luzon Doctors’ Hospital in Tarlac; Davao Doctors Hospital; De Los Santos Medical Center in Quezon City; Makati Medical Center; Cardinal Santos Medical Center in San Juan City; Riverside Medical Center in Bacolod City; Our Lady of Lourdes Hospital in Sta. Mesa, Manila; Asian Hospital & Medical Center in Alabang in Muntinlupa City; and West Metro Medical Center in Zamboanga.

The healthcare group of MPIC plans to acquire about a dozen hospitals until 2019 in its effort to expand its reach beyond the capital.

from: MetroPac’s hospital unit eyes IPO in 2016

The conglomerate targets to expand this to 5,000 hospital beds over the next couple of years through acquisition and expansion of existing hospital facilities, with an annual net income of P1.5 billion.