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Nov 8, 2018 @ 22:43

Metro Pacific’s hospital unit eyes IPO in second half 2019

 

The local flagship of Hong Kong conglomerate First Pacific Co. Ltd. is looking toward another public listing on the Philippine Stock Exchange, this time featuring its healthcare services arm.

In a briefing Wednesday, Metro Pacific Investments Corp. officials said they were ready to take their hospital unit public in the second half of next year to further expand its growing portfolio of primary care clinics, cancer centers and central laboratories across the country.

The hospital division is targeting around 40 primary care clinics and 10 cancer centers by 2020

MPIC earlier said Metro Pacific Hospital Holdings Inc. could offer up to 45 percent of its shares to the public.

It has grown its network to 14 hospitals with about 3,300 beds as of the end of October this year.

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