MANILA, Philippines — The Medical City (TMC)) reported after-tax profits of P760.78 million in 2010, up by 58 percent from P480.45 million in 2009.

Total revenues increased by 9 percent  - P3.68 billion in 2010 as against P3.38 billion in 2009.

“We remain committed to drive the next step change towards growth and leadership – developing a network that extends the reach and broadens the brand of The Medical City,” said TMC President and CEO Dr. Alfredo R.A. Bengzon. Bengzon said the widening hospital network is the platform which “brings it into new markets, in terms of geographies and demographies that were not previously accessed by or accessible to us.”

Four new TMC satellite clinics were opened, in Ever Gotesco Commonwealth, Waltermart Makati, Gateway Mall Cubao, and SM Novaliches, bringing up the roster to a total of 15 accessible and affordable outpatient healthcare facilities.

The hospital is now in key locations in Northern, Central and Southern Luzon, as well as in Western Visayas.

TMC also has a greenfield tertiary hospital project expected to be operational by 2013 in the fast-rising Clark Free Port Zone in Pampanga.

In its boldest move thus far, TMC has taken its brand into the global arena through ownership and operation of the first and only private hospital in Guam, USA.

“We are absolutely convinced that our strategy of network expansion and associated brand-building is the key to sustained profitability and progress in the years to come,” Bengzon said.