Property giant Ayala Land Inc. (ALI) is muscling its way into the local healthcare industry with an investment of more than $112 million to build new hospitals and clinics nationwide. Newly-launched QualiMed, a joint venture between ALI and Mercado General Hospital Inc. (MGHI), will put up 1,000 beds over the next f
Property giant Ayala Land Inc. (ALI) is muscling its way into the local healthcare industry with an investment of more than $112 million to build new hospitals and clinics nationwide.
Newly-launched QualiMed, a joint venture between ALI and Mercado General Hospital Inc. (MGHI), will put up 1,000 beds over the next five years through 10 new hospitals and 10 satellite clinics.
“Our QualiMed joint venture supports our strategy of completing the offerings in our integrated mixed-use developments,” said ALI President and CEO Antonino T. Aquino.
David San Pedro, head for corporate planning of ALI, said QualiMed targets 1,000 beds in 5 years through the construction of 10 new hospital buildings and 10 new satellite clinics serving the middle class.
Capital spending could reach $118 million as a 100- to 150-bed hospital will require around $11 million while satellite clinics need $673 thousand, he noted.
They will be launched in most of our major communities, starting with Nuvali, Atria Iloilo, North Point Negros and Altaraza Bulacan,” Aquino said.
For the 2nd phase of expansion, QualiMed hospitals will be put up in Alviera in Pampanga, Balintawak, Arca South in Taguig, Cavite, and business districts in Davao and Cebu. ALI opened yesterday it first healthcare facility located in Trinoma in Quezon City.
Pangilinan-led Metro Pacific Investments Corp. is currently the largest healthcare group in the country with 8 hospitals and a total capacity of 2,137 beds. It targets a bed capacity of 3,000 by acquiring one or two hospitals per year.