Blackstone, KKR, Temasek eyeing minority stake in MPIC hospital unit | Bilyonaryo Business News
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Blackstone, KKR, Temasek eyeing minority stake in MPIC hospital unit

Global investment firms Blackstone, KKR, Temasek and CVC are reportedly among firms considering bids for a stake in `Metro Pacific Hospital Holdings Inc., according to Reuters.

Global investment firms Blackstone, KKR, Temasek and CVC are reportedly among firms considering bids for a stake in `Metro Pacific Hospital Holdings Inc., according to Reuters.

MPIC earlier said it was looking to sell a 40% stake in MPHI at between $2-$2.5 billion.

The Blackstone Group is an American multinational private equity, alternative asset management, and financial services firm based in New York City.

KKR, on the other hand, is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit.

Reuters said other financial and strategic investors are also interested in investing in MPHI, which operates 14 hospitals with over 3,300 beds.

MPHI’s network comprises the country’s largest and most advance hospitals including Makati Medical Center, Cardinal Santos Medical Center and Asian Hospital. Other hospitals in its portfolio are Our Lady of Lourdes Hospital, De Los Santos Medical Center, Manila Doctors Hospital, Marikina Valley Medical Center Inc., and Dr. Jesus C. Delgado Memorial Hospital.

Outside Metro Manila, MPIC has investments in in Davao Doctors Hospital, Riverside Medical Center in Bacolod, Central Luzon Doctors Hospital in Tarlac, West Metro Medical Center in Zamboanga, Sacred Heart Hospital of Malolos, Inc. in Bulacan and St. Elizabeth Hospital, Inc. in General Santos City.

 

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