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SEC urges private hospitals to tap capital markets for expansion
The Securities and Exchange Commission (SEC) is urging private hospitals to access capital markets for their funding requirements to support the growing healthcare sector.
SEC Chairperson Francis Lim emphasized the continuous need for financing in the healthcare sector to expand capacity, upgrade facilities, adopt new technologies, and improve services.
The SEC's Securing and Expanding Capital for Hospital Entrepreneurs (SEC HOPES) program aims to facilitate this by simplifying the process for hospitals to offer securities.
This initiative, detailed in Memorandum Circular 11, Series of 2017, aims to provide hospitals with easier access to capital markets for funding the construction of healthcare facilities.
As of date, 18 private hospitals have registered under SEC HOPES, with total registered shares amounting to P19.95 billion and a total issue value of P17.05 billion.
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