Ayala Healthcare Holdings, Inc. (AC Health), through Healthway Philippines, Inc. (HPI), has completed its acquisition of a majority stake of Mercado General Hospital Inc. (MGHI).
In a disclosure to the Philippine Stock Exchange, Ayala said it purchased shares from White Knight Holdings, Inc., a wholly owned subsidiary of Ayala Land, Inc. and other shareholders.
MGHI owns and operates the QualiMed Health Network, which includes 4 hospitals: QualiMed Sta. Rosa located in Nuvali, QualiMed San Jose Del Monte in Bulacan, QualiMed Iloilo in Iloilo City, and Daniel O. Mercado Medical Center in Tanauan, Batangas.
In addition, QualiMed also operates an ambulatory surgical center in UP-PGH, and has clinics in Makati, Quezon City and in Cebu IT Park.
“The addition of QualiMed into the AC Health network comes at an opportune time, now that health has become top of mind for all of us,” said QualiMed Health Network President Jaime Ysmael.
He noted that, “QualiMed helps complete AC Health’s service delivery network by providing healthcare at the tertiary level, and by expanding its portfolio of specialty clinics.”
Ysmael said “We have big ambitions for QualiMed. This year our focus will be on integration to drive QualiMed’s clinical, operational and financial performance.”
With this acquisition, AC Health’s clinics and hospitals portfolio will now include QualiMed’s four general hospitals, more than 85 outpatient clinics and 80 corporate clinics under the Healthway brand, and the country’s first specialty cancer hospital, which is set to open in 2023.
“We are excited and honored to be part of the AC Health family. Over the years, we have worked hard to establish the QualiMed Health Network as a trusted provider of affordable and accessible healthcare. This is a common vision that we share with AC Health, and we look forward to becoming even stronger now that we are part of a broader healthcare ecosystem,” said Dr. Edwin Mercado, founding President and CEO of the QualiMed Health Network.
He added that, “We are also excited to develop synergies with the AC Health family, including a stronger pharma supply chain, digital integration, and our upcoming COVID-19 vaccination program.”
The QualiMed Health Network will be housed under Healthway Philippines, Inc. (HPI) along with the family, multi-specialty, and corporate clinics, and the specialty cancer hospital.