Ayala Land names partner for hospital venture
MANILA, Philippines - Ayala Land, Inc. (ALI) has partnered with Mercado General Hospital, Inc. (MGHI) for new medical facilities and healthcare services meant to complement its real estate development projects.
ALI announced in a statement on Monday, July 1, that it has entered into an agreement to acquire Whiteknight Holdings, Inc. (WHI), a company which is wholly-owned by the Mercado family and a 33% equity stockholder of MGHI.
“This partnership will accelerate the provision of medical facilities in our new and existing integrated, mixed-use communities,” said Ayala Land president and CEO Antonino T. Aquino.
“Together with our traditional residential, office, shopping center and hotel products, the new medical facilities will further enhance and complete our communities, making them the center of development in their region,” he added.
MGHI currently owns and operates hospitals and ambulatory surgical centers in Batangas, Cebu and Manila, and is setting-up one more facility in Iloilo.
MGHI plans to expand across nationwide where ALI's developments are currently located or planned to be located.
“The partnership will allow us to realize our vision of making quality healthcare accessible to more Filipinos,” said Dr. Edwin M. Mercado, president and CEO of WHI. - Rappler.com