Infrastructure holding firm Metro Pacific Investments Corp. is dropping plans for an initial public offering of its hospital group.
MPIC hospital group to issue P15-20B worth of shares
Metro Pacific Hospital Holdings Inc. (MPHHI) president and CEO Augusto Palisoc Jr.said the company would rather raise funds via the issuance of shares to a private investor.
MPIC sustains growth track, books P14.1B profit in 2018
Palisoc sees no rush in taking MPHHI public, saying the company continues to post steady growth.
Mpic still in the running for MRT3 O&M
In the first quarter, MPHHI registered a 17% jump in aggregate revenues on the back of a 10% increase in outpatient visits to 919,539 and 7% growth in inpatient admissions to 50,227. Core income grew 28%.
MPHHI is still keen on expanding its network, which includes 14 hospitals with about 3,300 beds as of October 2018. Its portfolio includes Makati Medical Center, Cardinal Santos Medical Center, Our Lady of Lourdes Hospital, Asian Hospital, De Los Santos Medical Center, Manila Doctors Hospital, Marikina Valley Medical Center Inc., and Dr. Jesus C. Delgado Memorial Hospital.
Outside Metro Manila, MPIC has investments in in Davao Doctors Hospital, Riverside Medical Center in Bacolod, Central Luzon Doctors Hospital in Tarlac, West Metro Medical Center in Zamboanga, Sacred Heart Hospital of Malolos, Inc. in Bulacan and St. Elizabeth Hospital, Inc. in General Santos City.
