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Manila Bulletin devider Business devider The Stock Market devider Metro Pacific buys into 25th hospital

Metro Pacific buys into 25th hospital

Published Sep 26, 2024 06:29 am

Metro Pacific Health Corporation (MPH), the leading private hospital group in the country, has acquired a majority stake in San Francisco Doctors Hospital (SFDH) in Agusan del Sur.

The investment,. made with subsidiary Santos Clinic, Inc. (SCI) which owns and operates Manuel J. Santos Hospital (MJSH) in Butuan, marks the acquisition of MPH’s sixth hospital in Mindanao and 25th in its nationwide network.

San Francisco Doctors Hospital is a 100-bed facility in San Francisco, Agusan del Sur, that opened its doors in 2013. 

“Located just 80 kilometers from MJSH, SFDH is well-positioned to benefit from the operational efficiencies and synergies that this strategic investment will bring,” MPH said.

MPH plans to invest heavily in the development and management of SFDH, aiming to enhance the hospital’s capacity to meet the growing healthcare needs of Agusan del Sur and the surrounding communities. 

This joint investment by MPH and SCI follows a proven strategy of enhancing healthcare delivery in the provinces by linking a larger, urban hospital with a smaller, strategically located facility.

“Expanding our network through strategic investments like the one in San Francisco Doctors Hospital allows us to bring accessible and dependable healthcare to more communities,” said MPH President Augusto Palisoc, Jr.

He added that, “We remain committed to delivering top-quality healthcare services and improving the overall health infrastructure across our archipelago.”

“Our focus has always been on creating a robust healthcare network that can deliver superior patient care across the country and in the localities that we serve,” said SCI President and MPH Chief Transformation and Operations Officer Oslec Lopez.

He noted that, “By integrating SFDH into our network, we are expanding our reach and ensuring that the people of Agusan del Sur and nearby areas have access to the best healthcare services.”

Dr. Terence Vesagas, Chief Executive Officer of SCI, and the incoming President and CEO of SFDH, said “This is an exciting time for MJSH and SFDH. With the support of MPH and SCI, we are poised to enhance our services and bring better healthcare outcomes to our patients.”

For his part, Jose Manuel Reyes, a member of the founding family of SFDH, said “We are grateful to MPH and SCI for recognizing the potential of SFDH. Their investment will undoubtedly elevate the standard of healthcare in our community and ensure that our patients receive the best possible care.”

Related Tags

Metro Pacific Investments Corporation Augusto Palisoc Jr. Metro Pacific Health Corporation
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