Philippines’ Ayala takes first step into healthcare
Ayala Land, the Philippine real estate giant under the Ayala group of companies, has announced that it will make its first venture into healthcare by opening hospitals in provincial mixed-use properties.
The first facility, which costs $13.7 million, is currently under construction in Iloilo, Ayala Land President and CEO Antonino T. Aquino told local media.
The venture will be completed in partnership with Panay Medical Ventures Inc, which is a group of local doctors that were trained at the University of the Philippines-Philippine General Hospital.
The Ayala group is a dominant force in the Philippines, currently leading strong consortiums to win the country’s most prized public-private partnership contracts.
The announcement that Ayala Land will now diversify itself into the healthcare services adds another branch to its far-reaching business family, which holds stakes in retail, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, and business process outsourcing.
Ayala, the oldest conglomerate in the Philippines with roots hailing from Spain, now confronts Pangilinan-led Metro Pacific Investments Corp, the country’s largest healthcare group with seven hospitals and a bed capacity of about 2,000.
Nodding to mixed-use developments in Makati and Fort Bonifacio in Manila, Ayala plans to use this successful growth formula to apply to upcoming business districts across the country, such as those in Bacolod, Cebu, Iloilo in the Visayas; Pampanga, Subic and Bataan in Central Luzon; Quezon City, Fairview and Pasig in Metro Manila; and Davao and Cagayan de Oro in Mindanao.
[caption id="attachment_11157" align="alignleft" width="300"] Ayala Land's mixed-use Iloilo project[/caption] Ayala Land, the Philippine real estate giant under the Ayala group of companies, has announced that it will make its first venture into healthcare by opening hospitals in provincial mixed-use properties. The first facility, which costs $13.7 million, is currently under construction in Iloilo, Ayala Land President and CEO Antonino T. Aquino told local media. The venture will be completed in partnership with Panay Medical Ventures Inc, which is a group of local doctors that were trained at the University of the Philippines-Philippine General Hospital. The Ayala group is a dominant...
Ayala Land, the Philippine real estate giant under the Ayala group of companies, has announced that it will make its first venture into healthcare by opening hospitals in provincial mixed-use properties.
The first facility, which costs $13.7 million, is currently under construction in Iloilo, Ayala Land President and CEO Antonino T. Aquino told local media.
The venture will be completed in partnership with Panay Medical Ventures Inc, which is a group of local doctors that were trained at the University of the Philippines-Philippine General Hospital.
The Ayala group is a dominant force in the Philippines, currently leading strong consortiums to win the country’s most prized public-private partnership contracts.
The announcement that Ayala Land will now diversify itself into the healthcare services adds another branch to its far-reaching business family, which holds stakes in retail, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, and business process outsourcing.
Ayala, the oldest conglomerate in the Philippines with roots hailing from Spain, now confronts Pangilinan-led Metro Pacific Investments Corp, the country’s largest healthcare group with seven hospitals and a bed capacity of about 2,000.
Nodding to mixed-use developments in Makati and Fort Bonifacio in Manila, Ayala plans to use this successful growth formula to apply to upcoming business districts across the country, such as those in Bacolod, Cebu, Iloilo in the Visayas; Pampanga, Subic and Bataan in Central Luzon; Quezon City, Fairview and Pasig in Metro Manila; and Davao and Cagayan de Oro in Mindanao.
