MANILA – The hospital arm of Metro Pacific Investments Corporation (MPIC), Metro Pacific Hospital Holdings, Inc. (MPHHI), will be operating a 110-bed hospital in Zamboanga City, the firm said on Monday.
In a disclosure to the stock exchange, MPHHI said its recently formed wholly-owned subsidiary, Metro Pacific Zamboanga Hospital Corporation, signed a long-term lease of the land, buildings and equipment of Western Mindanao Medical Center.
Western Mindanao Medical Center is a hospital with a 25-year history of service in Zamboanga.
The proposed trade name for the hospital under MPIC management is West Metro Medical Center, which will become the MPIC’s ninth hospital in its portfolio.
The company said the effectivity of the lease and the official opening of West Metro Medical Center are subject to several conditions precedent, including fulfillment of certain regulatory requirements.
Under the agreement, MPHHI will install a new management team and will infuse capital to complete a 4-storey annex building which will increase the hospital’s capacity from 110 to 190 beds, making it the largest private hospital in the Zamboanga Peninsula.
MPIC’s nationwide chain of private hospitals is the country’s largest at 2,244 beds.
These hospitals are Makati Medical Center, Asian Hospital & Medical Center, Cardinal Santos Medical Center, Our Lady of Lourdes Hospital, De Los Santos Medical Center, Davao Doctors Hospital, Riverside Medical Center in Bacolod, and Central Luzon Doctors Hospital in Tarlac.