October 12, 2024 | 12:00am
MANILA, Philippines — Metro Pacific Health Corp. (MPH), the healthcare arm of conglomerate Metro Pacific Investments Corp., has added a new gem to its portfolio, the Diliman Doctors Hospital Inc. (DDHI) in Quezon City.
MPH recently acquired a controlling stake in DDHI, marking its third investment transaction this year and 26th hospital investment in the country.
Situated on 5,000-square-meter land in front of Commonwealth Avenue, the 165-bed hospital caters to the health care needs of surrounding residential subdivisions, such as Ayala Heights, Loyola Grand Villas, Capitol Hills, Capitol Homes and Filinvest Homes.
This acquisition has further cemented MPH’s status as the Philippines’ largest private hospital group, now offering a total inpatient capacity of more than 4,300 beds.
“The health and well-being of our community continued to remain our top priority, fueling our dedication to this vital endeavor, which culminated in the opening of DDHI’s doors in 2018,” DDHI president and lead founder Lani Ancheta said.
Despite hurdling safety, clinical and cash flow challenges during the pandemic, Ancheta said DDHI still needed more capital and operational expertise to realize the hospital’s full potential.
“We recognized the need for a strong institutional partner, and there was no better choice for that than the clear industry leader that is Metro Pacific Health,” she said.
In its nearly two decades of history in Philippine health care, MPH has improved the quality of services provided by its hospitals through capital infusion, professional management and group synergies.
For DDHI in particular, MPH said it plans to introduce clinical, operational and financial efficiencies for better patient experience and health results.
“We are deeply honored and grateful that Dr. Lani along with her co-founders entrusted the care and development of her brainchild to us at MPH,” said Jose Noel de la Paz, MPH director for corporate development.
The official said MPH intends to elevate DDHI by banking on its professional management team and the wealth of best practices learned from nationwide expansion.
The hospital group, De la Paz said, would also draw confidence from the “guidance of our chairman, Manuel V. Pangilinan, whose vision to deliver quality and affordable healthcare to all Filipinos started this all.”
Just last month, MPH sealed its expansion in Agusan del Sur with the completion of its acquisition of San Francisco Doctors Hospital, its sixth hospital in Mindanao.
Its network also includes Asian Hospital and Medical Center, Cardinal Santos Medical Center, Davao Doctors Hospital and Riverside Medical Center in Bacolod, as well as 33 outpatient care centers, two allied health colleges and a centralized laboratory.
MPH plans to acquire another hospital before the end of the year, as part of efforts to have a nationwide portfolio of 27 health care facilities.
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