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Manila Bulletin devider Business devider The Stock Market devider Metro Pacific Health acquires 60% stake in Lucena hospital

Metro Pacific Health acquires 60% stake in Lucena hospital

Published Oct 27, 2023 07:06 am

Private hospital network Metro Pacific Health Corporation (MPH) has fulfilled another of its hospital investments by acquiring a 60.88 percent stake in Lucena United Doctors Inc. (LUDI), after launching a tender offer for the balance of 39.12 percent stake held by LUDI’s shareholders.

LUDI is the owner and operator of the Lucena United Doctors Hospital and Medical Center (LUDHMC), which is a level 2 hospital at Barangay Isabang in Lucena, Quezon province. Founded in 1981, it caters to patients from neighboring areas in Quezon, particularly growing residential developments outside the city center.

LUDHMC is the 23rd hospital in the MPH network and the fifth hospital in Southern Luzon, with recent investments in Antipolo Doctors Hospital in Rizal, Medical Center Imus in Cavite, Calamba Medical Center and Los Baños Doctors Hospital both in Laguna.

LUDI PR (1).jpg
Metro Pacific Health (MPH) seals the investment of its 23rd hospital, Lucena United Doctors Hospital and Medical Center, with a ceremonial signing of the agreement. Present at the signing was MPH Chairman Mr. Manuel V. Pangilinan (seated, 3rd from left) along with several key leaders from both entities. Joining him were (standing, L-R): Alvin John Merced (MPH AVP – Business Development);, Majority Sellers Odie Tayag, Dr. Jaimar Sapungan, Dr. Francis Daya, Mr. Manuel Rivera, Dr. Pio Pajarillo, and Ms. Joan Isip (GIV Capital, Majority Sellers Advisors); (seated, L-R) Dr. Farah Perez-Tayag (Majority Sellers Representative); Jose Noel C. de la Paz (MPH Director for Corporate Development); Dr. Gerard Salazar (Majority Sellers Representative); and Mr. Conrad Gloria (GIV Capital, Majority Sellers Advisors).

According to MPH CEO Dr. Harish Pillai, “the integration of LUDHMC into the Metro Pacific Health group is a testament to our commitment to make quality healthcare more accessible and affordable for every Filipino.”

“With the size and scale of our group, we will be able to leverage on shared resources and best practices that will bring the MPH standard of care to more communities outside of greater Metro Manila,” said Pillai.

MPH Corporate Development Director Jose Noel C. de la Paz said the group is “excited to finally complete this transaction and start working with the LUDHMC community to expand the hospital and upgrade its medical capabilities.”

De la Paz also highlighted the appointment of MPH member Maria Louzel Diaz-Tiozon as LUDI’s President and CEO, who will utilize her 20 years of expertise in human resource and general management in the financial services and healthcare industries. Diaz-Tiozon was formerly the vice president and head of human resources of the senior management team of Cardinal Santos Medical Center.

LUDHMC President Dr. Gerardo Carmelo B. Salazar said the hospital management “welcomes MPH’s investment in LUDHMC as we believe that this partnership will bolster LUDHMC further in establishing itself as the undisputed leader in private healthcare in the province.”

Among the other hospitals in the MPH network are Makati Medical Center, Asian Hospital and Medical Center, Cardinal Santos Medical Center, Manila Doctors Hospital, De Los Santos Medical Center, Commonwealth Hospital and Medical Center, Our Lady of Lourdes Hospital, Marikina Valley Medical Center, and Jesus Delgado Memorial Hospital in Metro Manila.

Hospitals in the provinces include Sacred Heart Hospital of Malolos, Central Luzon Doctors Hospital in Tarlac, Riverside Medical Center in Bacolod, Ramiro Community Hospital in Bohol, Davao Doctors Hospital in Davao, St. Elizabeth Hospital and Howard Hubbard Memorial Hospital in South Cotabato, Manuel J. Santos in Butuan and West Metro Medical Center in Zamboanga.
 

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