Metro Pacific Investments Corp. is in talks to sell a stake in its hospital unit which will value the business at over $2 billion, according to Reuters.
Quoting unnamed sources, Reuters reported that MPIC would start the divestment program for its healthcare business next month.
MPIC has tapped Bank of America Corp. to help facilitate the sale of a stake in its hospital subsidiary.
Potential investors could include buyout firms and regional healthcare companies, Reuters said.
Apart from this, MPIC is also reportedly considering going public to raise more funds for its expansion.
The group has 14 hospitals and several primary care centers and specialized facilities (consisting of primary clinics, cancer centers and a laboratory facility) under its portfolio.