The AGSB Advantage
Business News yesterday said that the MVP Metro Pacific Investment Company is thinking of entering JV with 300 bed Capitol Medical Center. The 300 bed hospital is owned partly by the Clemente Family (Chito an IT Genius took up MBAH presumably as part of beefing up of its management); they own 30% of the hospital.
The hospital division earned PHP400 million last year. Its initial foray into the hospital business was the rescue of Makati Med Center, as an act of white knight, to aid an ailing famous institution of health in Makati. Since them MPIC acquired Cardinal Santos, the Asian Hospital, Riverside Hospital Bacolod, Our Lady of Lourdes Hospital in Mandaluyong, and Davao Doctors Hospital.
It is believed that MPIC is bidding for the Private Public Partnership scheme of the National Orthopedic Hospital.
Why is MPIC into the hospital business?
Is it good for global competitiveness of PHL hospitals?
Will MPIC be eventually controlling the PHL because it is into everything that people need: telco, health care, roadways, water supply power probably, etc?
Will it make health care affordable to every Filipinos?
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