Metro Pacific Hospital Holdings Inc. (MPHHI) is acquiring 51% of Los Banos Doctors Hospital and Medical Center (LBDH) for P250 million.
Established in 1975, LBDH is an 80-bed Level 2 hospital located along Lopez Avenue, Batong Malake, Los Baños, Laguna.
The transaction is in line with MPHHI chairman Manuel V. Pangilinan’s goal to bring quality and affordable healthcare to Filipinos across the country.
LBDH brings to 16 MPHHI’s nationwide portfolio of hospitals.
It recently completed the construction of an 8-storey building which will add up to 26 new rooms and 44 additional doctors’ clinics.
“We invited Metro Pacific at a very crucial time in our hospital’s history. We just completed the construction of our expansion building and we chose a partner who we know has the track-record to help us operationalize and maximize this added capacity in order to reach and serve more patients.” said Dr. Ernesto M. Pua, founder and former director and president of LBDH.
MPHHI president & CEO Augusto P. Palisoc, Jr. for his part said: “We are likewise excited to work with them, as well as with all the doctors and employees of LBDH, in continually expanding and growing their service capabilities so that Los Baños and its adjacent communities will always have accessible quality healthcare.”
MPHHI’s nationwide footprint covers 7 other provincial hospitals (Davao Doctors Hospital, Riverside Medical Center in Bacolod, Central Luzon Doctors’ Hospital in Tarlac, West Metro Medical Center in Zamboanga, Sacred Heart Hospital in Malolos, Bulacan, St. Elizabeth Hospital in General Santos City and Manuel J. Santos Hospital in Butuan), and 7 other hospitals in Metro Manila (Asian Hospital, Cardinal Santos Medical Center, Manila Doctors Hospital, De Los Santos Medical Center, Our Lady of Lourdes Hospital, Marikina Valley Medical Center, and Jesus Delgado Memorial Hospital).
Completing MPHHI’s portfolio are 2 healthcare colleges (Davao Doctors College and Riverside College in Bacolod), 5 primary care clinics (Megaclinic in SM Megamall, TopHealth in SM San Lazaro, Keralty in Metlife Mall Pasay, Keralty in Filinvest Mall Alabang, and Una Konsulta in SM City Bacolod), and 4 cancer care radiotherapy centers through joint ventures with hospitals (Lipa Medix in Batangas, Central Luzon Doctors Hospital in Tarlac, Riverside Medical Center in Bacolod, and St. Elizabeth Hospital in General Santos).