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Pangilinan hopes MPIC can reach 50 hospitals in five years
Metro Pacific Investments Corp. (MPIC) chairman and CEO Manuel V. Pangilinan announced a goal to expand the company's hospital network to 50 facilities nationwide within the next five years through strategic acquisitions.
This expansion is a key agenda item for Metro Pacific's hospital group, which has already become the largest private hospital group in the country.
The group's most recent investment was acquiring a majority stake in Metro Antipolo Hospital and Medical Center Inc., marking its 28th hospital acquisition.
MPIC is also seeking to increase its controlling stake in its healthcare arm, Metro Pacific Health Corp. (MPH), by acquiring an additional 30 percent.
This move comes as current majority shareholders, KKR & Co. and GIC, initiate the sale of their majority stake in MPH.
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