MANILA, Philippines—The Ayala group has raised its stake in the health care sector—which is on the frontline of the prolonged fight against the COVID-19 pandemic—with the completion of a deal to take over the QualiMed hospital chain.
Ayala Healthcare Holdings Inc. (AC Health), through Healthway Philippines Inc., has completed its acquisition of a majority stake of Mercado General Hospital Inc. (MGHI), which owns and operates the QualiMed Health Network.
“The addition of QualiMed into the AC Health network comes at an opportune time, now that health has become top of mind for all of us,” said Jimmy Ysmael, newly appointed president and CEO of QualiMed.
“QualiMed helps complete AC…
Keep on reading: Ayala takes over QualiMed