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Wednesday, August 13, 2014

Metro Pacific to expand Makati Med

In a briefing on Tuesday, MPIC hospital group president and chief executive Augie Palisoc Jr. said Makati Medical Center has leased eight storeys of the NAC Centre, a building located across the hospital where it has transferred its administrative and management offices.

The move will free up space in the two main towers of Makati Medical Center, allowing the hospital to add about 50 beds and create more room for medical services, Palisoc added.

"Makati Med is starting to fill up... They have to really look at a more permanent option to expand," MPIC chairman Manuel V. Pangilinan said, adding that the company is looking at acquiring a property near the vicinity to accommodate the expansion of the hospital.

The aggregate core net income off the hospital group rose 15 percent to P458 million in the first half on higher patient revenues, gains from completed capital expenditure programs and savings from synergy projects.

Also boosting earnings were the contributions of De Los Santos Medical Center (DLSMC), Central Luzon Doctors' Hospital (CLDH) and MegaClinic, which were invested in during the second half of 2013.

MPIC operates the largest private hospital group in the country, comprising eight full-service hospitals with approximately 2,150 beds.

These are the Makati Medical Center, Cardinal Santos Medical Center, Our Lady of Lourdes Hospital, Asian Hospital & Medical Center and DLSMC in Metro Manila; CLDH in Tarlac; Riverside Medical Center in the Visays; and Davao Doctors Hospital in Mindanao.

MPIC also owns MegaClinic, its first mall-based diagnostic and ambulatory care center located in SM Megamall.

- Interaksyon

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