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Manila Bulletin devider Business devider The Stock Market devider Ayala boosts stake in Healthway to 94%

Ayala boosts stake in Healthway to 94%

Published Dec 11, 2023 09:05 am

Ayala Healthcare Holdings Inc. (AC Health) announced that it has increased its stake in the Healthway QualiMed Health Network (Mercado General Hospital Inc.) to 94 percent.

In a statement, AC Health said this move signifies its continued commitment to investing in healthcare in the Philippines. It did not disclose the number of shares it just bought or the acquisition price.

AC Health recognized for pandemic initiatives
AC Health President and CEO Paolo Borromeo

Since acquiring a majority stake in 2020, AC Health has continuously invested in upgrading the facilities and equipment of the Healthway QualiMed Health Network, which initially spanned 4 general hospitals, 1 ambulatory surgical center, and several clinics across the country. 

"Boosting our stake in the Healthway QualiMed Health Network underscores our continued commitment to advancing healthcare in the country,” said AC Health President and CEO Paolo Borromeo. 

He added that, “moving forward, we will further invest in our facilities and expand our footprint to provide quality and affordable care to more Filipinos.”

In 2023, AC Health unveiled its unified hospitals and clinics brand—the Healthway Medical Network—demonstrating its commitment to delivering seamless and integrated care across the network.

Recently, AC Health also inaugurated the Healthway Cancer Care Hospital and partnered with the Far Eastern University-Nicanor Reyes Medical Foundation (FEU-NRMF) for the management of their university hospital, bringing its hospital count to six. 

AC Health is also set to open three new Healthway Multispecialty Centers in Cagayan de Oro, Davao, and Cebu by year-end.

“As the Healthway Medical Network expands, we will not waver on our promise of delivering patient-centric care. We will continue improving our services and facilities to benefit our growing community of patients across the Philippines” said Healthway Medical Network President and CEO Jaime Ysmael.
 

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AC Health Paolo Borromeo Healthway Medical Network
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