Pangilinan-led Metro Pacific buys stake in General Santos hospital

ABS-CBN News

Posted at Oct 05 2017 03:25 PM

MANILA - Metro Pacific Investments Corp said Thursday its hospital unit completed acquisition of a 54-percent stake in a General Santos City hospital.

The 248-bed St. Elizabeth Hospital brings to 14 the number of hospitals in MPIC's portfolio, the conglomerate controlled by tycoon Manuel V. Pangilinan said in a statement.

Metro Pacific said it might infuse additional capital to St. Elizabeth in the future and raise its stake to 80 percent.

The company has 6 hospitals in the provinces and 8 in Metro Manila, including Makati Medical Center, Asian Hospital and Cardinal Santos
Medical Center.

Metro Pacific shares were up 0.15 percent to P6.88 on Thursday.