02.06.2014 - MPIC hospital unit eyes Asean expansion
The healthcare group of Metro Pacific Investments Corp. (MPIC) and its Singaporean sovereign wealth fund partner are looking at establishing a presence in Southeast Asian neighbors in the coming years even as the hospital chain continues to strengthen its market leadership locally. The overseas expansion will cater to the needs of the developing healthcare sector in the region while taking advantage of possible synergies with other MPIC businesses also going abroad, an executive said last week. Last month, Government of Singapore Investment Corp. (GIC) poured in P10.2 billion for shares and exchangeable bonds in MPICís healthcare group, the market leader in the Philippines.........................................Full Article: Source
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