KKR, GIC seal investment in MPIC Hospitals

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Metro Pacific Investments Corporation (MPIC), global investment firm KKR, and Singapore’s sovereign wealth fund GIC have completed investments in Metro Pacific Hospital Holdings, Inc. by KKR and an affiliate of GIC.

In a disclosure to the Philippine Stock Exchange, MPIC said these were made through a series of transactions in common shares in Metro Pacific Hospitals and in mandatorily exchangeable bonds issued by MPIC.

The capital will also be used to grow the Company’s existing subsidiaries, associates, and joint ventures. The Company is focused on delivering high-quality healthcare solutions to patients at a time when more Filipinos are seeking premium medical services, driven by rising per capita incomes and rapid urbanization.

 

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