Metro Pacific Health Corp. (MPH) takes a significant leap in its expansion strategy by securing a 70.4% stake in Medical Center Imus (MCI), marking its entry into Cavite Province. The move is a strategic initiative to enhance MPH’s nationwide network of private hospitals and cater to the growing healthcare needs in the bustling province. Let’s delve into the details of this acquisition and its potential impact on MPH’s position in the healthcare landscape.
MPH President Augusto P. Palisoc, Jr. expresses the strategic importance of this move, considering Cavite’s status as the second most populated and second densest province in the Philippines. The acquisition of MCI, a 90-bed Level 2 hospital with the capacity for future expansion to 120 beds, positions MPH to tap into the healthcare demands of the region.
Medical Center Imus caters to the cities of Imus and Bacoor in Cavite, boasting 97 active specialists and 200 visiting doctors. The hospital, sitting on over a hectare of property, presents an opportunity for growth, with additional vacant land for potential infrastructure developments. Jo Eileen Suzanne Ringler-Pama, incoming deputy CEO of MPH, emphasizes the untapped potential within the highly populated market of Cavite.
MPH envisions leveraging its group synergies to elevate patient experience at MCI to unprecedented levels within Cavite. The company is set to strengthen management practices and invest in infrastructure improvements, aligning with its commitment to delivering high-quality healthcare services.
In the first quarter of the year, MPH showcased robust financial performance, more than doubling its core net income to P469 million. The notable 21% surge in revenues to P5.6 billion was attributed to the increased number of patients. With this acquisition, MPH solidifies its claim as the Philippines’ largest private hospital group, boasting a nationwide network of 21 hospitals, 24 outpatient care centers, six provincial cancer radiotherapy centers, two allied healthcare colleges, and a central laboratory.
The acquisition of a majority stake in Medical Center Imus marks a strategic milestone for Metro Pacific Health Corp. as it extends its reach into the dynamic healthcare landscape of Cavite Province. This move not only aligns with MPH’s commitment to nationwide healthcare excellence but also positions the company to meet the evolving needs of a densely populated region. As MPH continues to strengthen its presence, the integration of Medical Center Imus into its portfolio heralds a new era of enhanced healthcare services for the residents of Cavite.
