Global Care Medical Center, a Laguna-based hospital, is seeking to expand its scale and capacity utilizing capital from Philippines-based private equity firm Navegar and international investment firm LeapFrog.
In a briefing in Cabuyao on Tuesday, GCMC chair Ricardo Celino said the amount, which he did not divulge, will significantly boost their capacity to further improve their services, put up new Level 1 and 2 facilities in other areas, and even acquire medical facilities if opportunities open up.
To date, GCMC has a network of five hospitals in Laguna — four general hospitals and a cancer center— that have total capacity of over 300 beds and are supported by more than 760 doctors.
Celino said construction of another facility in Pangasinan is ongoing, to be called Global Care Medical Center of Pangasinan, with plans to acquire a medical facility in Northern Luzon.
“There’s an option for that (acquisition). Our direction is to expand. If there’s an opportunity we’re going to do that,” he told the Philippine News Agency.
During a briefing, LeapFrog Investments Partner and Global Lead for Healthcare Biju Mohandas said their placement in GCMC is their first investment in the Philippines, made on expectations for growth opportunities of the domestic economy.
“We see tremendous opportunity to build on the good work of GCMC team, expanding specialty care, scaling responsibly, and enhancing patient outcomes,” he said. (PNA)
