Bilyonaryo - Business

On the move: Lopez family expands healthcare footprint with MSA unit purchase

December 12, 2022

Bilyonaryo.com

First Philippine Holdings Corp. (FPH) has inked a deal to acquire the local subsidiary of Medical Services of America Inc. (MSA), a provider of a comprehensive range of cardiopulmonary services and equipment for hospitals and home-serviced patients, as it builds a significant healthcare business.

“MSA-Philippines represents a great addition to FPH’s growing portfolio of healthcare businesses, which now include Asian Eye Institute and Philippine Impact Health. The services created from these various healthcare businesses aim to improve the ecosystem of healthcare providers in the country and, ultimately, the health and wellness of the Filipino population,” said Francis Giles B. Puno, president and COO of FPH.

FPH senior vice president Joaquin E. Quintos IV who heads the conglomerate’s health services businesses, said the new acquisition provides the company a platform to add new service offerings to what MSA-Philippines offers now in the healthcare industry.”

MSA-Philippines works with over 50 partner-hospitals and clinics around the country through its 200 highly trained employees.

FPH, one of the country’s oldest and largest conglomerates led by the Lopez family, also has interests in power generation, infrastructure, manufacturing, and property development.

MSA was originally organized in the US in 1973 as a provider of comprehensive health care services that include home and hospice care, as well as distribution, rental and supply of medical equipment. It started in the Philippines as a servicing company for four partner-hospitals in 1978 or five years after it opened in the US.

Related News Tags: Asian Eye Institute and Philippine Impact Health, First Philippine Holdings Corp, Medical Services of America Inc

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