Sunday, February 15, 2009

The Metro Pacific Group's Entry to the Health Care Industry

Now that Metro Pacific Investments Corporation of Manny V. Pangilinan had jumped into the healthcare industry through a Share Purchase Agreements with several shareholders of Davao Doctors Hospital (Clinica Hilario) Inc. (“DDH”) representing approximately 34% of the issued share capital of the corporation, industry observers welcomed this new entrant with hope and enthusiasm.


Just recently, the same Pangilinan group has taken over Cardinal Santos Medical Center.


Personally, this is good for the nursing profession in general. We will soon see a big improvement in corporate hospital practices within the chain of MPIC hospitals which according to my grapevine would go for 5000 bed capacity hospital network.

Things like JCAHO and Magnet would soon be the things to be expected from these hospitals. So this would be to the advantage of the nurses. Positive environments will become the norm.


Watch out for MPIC string of acquisitions of hospitals in Cebu, Iloilo, Cagayan de Oro, General Santos, Lipa, among others.

No comments:

Post a Comment