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Manila Bulletin devider Business devider The Stock Market devider AC Health secures strategic investment from Singapore's ABC Impact

AC Health secures strategic investment from Singapore's ABC Impact

Published Aug 11, 2025 10:27 am  |  Updated Aug 11, 2025 01:45 pm
ABC Impact, the Singapore-based impact investor dedicated to Asia and backed by Temasek Trust and Temasek, is acquiring minority interest of around 16 percent in Ayala Healthcare Holdings Inc. (AC Health).
AC Health announced the landmark investment in a disclosure to the Philippine Stock Exchange, noting that this strategic move marks ABC Impact’s entry into the Philippine healthcare sector, expanding its regional footprint.
This investment also deepens the longstanding relationship between the Ayala Group and the Temasek ecosystem – reinforcing their shared commitment to long-term, values-driven growth.
“We are honored to expand our relationship with Temasek and Temasek Trust, and welcome ABC Impact as a partner in our healthcare journey,” said Ayala Corporation Board Director and AC Health Chairman Fernando Zobel de Ayala.
He added that, “Together, we look forward to building a more resilient and inclusive health ecosystem for Filipinos.” The Ayala Group’s partnership with Temasek includes deals with Globe Telecom and ACEN Corporation.
Under the agreement, ABC Impact will infuse primary capital for a 16 percent minority stake in AC Health. The investment will support AC Health’s vision of transforming health for every Filipino by building a seamless, integrated healthcare ecosystem.
The fresh capital will fuel AC Health’s expansion across its core pillars of hospitals, multi-specialty clinics, and retail pharmacies – through a combination of organic initiatives and targeted acquisitions.
By 2027, AC Health aims to expand its network to at least 10 hospitals, 300 clinics, and 1,150 pharmacies.
As an impact investor dedicated to Asia, ABC Impact brings regional insights and networks that can support AC Health in tapping into clinical excellence and healthcare innovation across the region.
With existing healthcare investments in India, China, and Vietnam, ABC Impact sees opportunities for knowledge-sharing and future collaboration that can complement AC Health’s integrated care model in the Philippines.
“This partnership marks a significant milestone in AC Health’s journey. ABC Impact’s investment reinforces the strength of our integrated model and our commitment to making healthcare more inclusive,” said AC Health President and CEO Paolo Borromeo.
He added that, “This partnership creates valuable opportunities for knowledge exchange, technology transfer, and the adoption of global best practices, further enabling AC Health to raise the bar in care quality, patient safety, and operational efficiency as it moves toward world-class standards.”
“Healthcare is a fundamental human need, and this partnership with Ayala and AC Health reflects our mission to improve lives by advancing access to quality care,” said ABC Impact Chief Executive Officer David Heng.
He noted that, "We believe AC Health is well positioned to deliver meaningful social outcomes alongside sustainable growth. Through our regional healthcare experience and impact lens, we aim to support AC Health’s efforts to strengthen systems and serve more communities across the Philippines."
The partnership brings together AC Health’s integrated delivery network and ABC Impact’s thematic investing experience in inclusive healthcare solutions.
The investment also marks ABC Impact’s first direct entry into the Philippine healthcare sector, building on its regional track record of purpose-driven investments.
These include Vietnam-based Kim Dental, the country’s largest private dental care network; India-based DCDC Kidney Care, a dialysis provider operating over 200 centers across underserved regions; and HiRo, a clinical research organization supporting mid-sized global pharma and biotech companies across Asia Pacific and the United States.
BofA Securities acted as the exclusive financial advisor to AC Health in connection with the transaction. Completion of ABC Impact’s investment in AC Health is subject to the satisfaction of closing conditions.

Related Tags

Ayala Healthcare Holdings Inc. (AC Health) Fernando Zobel de Ayala Paolo Borromeo Temasek Holdings David Heng ABC Impact Temasek Trust Temasek
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