Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Metro Pacific add $4.2 million in Davao hospital

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Metro Pacific Investments Corporation recently invested $4.2 million (or P200 million) in additional money for its new acquisition, Davao Doctors Hospital in Davao City, Philippines. This is in addition to the other P200 million that MPIC gave to the hospital last year after acquiring 34% of total shares amount to P500 million. MPIC is a subsidiary of Hong Kong-based First Pacific Holdings Ltd. which acquired a major stake in PLDT. MPIC also owns the Makati Medical Center and is eyeing another hospital in Cebu City.

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Written by Raffy Pekson II

June 13, 2009 at 2:20 pm

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