Metro Pacific Health Corporation (“MPH”), the Philippines’ largest private hospital group, announced today its acquisition of a controlling stake in Diliman Doctors Hospital, Inc. (“DDHI”).
DDHI is a young but fast-growing hospital having just started operations in 2018 and yet already establishing itself as the ‘hospital of choice’ in Northern Quezon City. DDHI has a built-up capacity of 165 beds, sitting on close to 5,000 sqm of land fronting Commonwealth Avenue, with more than 16,000 sqm behind it for surface parking and future expansion. The hospital’s fast growth has been largely attributed to its more than 500 medical practitioners addressing the healthcare needs of surrounding residential subdivisions, such as Ayala Heights, Tierra Pura, Xavierville, Loyola Grand Villas, Capitol Hills, Capitol Homes and Filinvest Homes, among others.
“In 2011 my dream to put up a premier healthcare facility in the heart of Quezon City started to take shape.” began Dr. Lani G. Ancheta, President and Lead Founder of DDHI. “As with some dreams, realizing it is often paved with obstacles. Despite the financial, legal and other unforeseen challenges, our commitment to establishing this hospital remained strong. We understood those complexities required deliberate navigation and strategic planning. With unwavering resolve, we overcame each hurdle. The health and well-being of our community continued to remain our top priority, fueling our dedication to this vital endeavor, which culminated in the opening of DDHI’s doors in 2018. In the face of unprecedented safety, clinical and cash flow challenges during the COVID-19 years, we never doubted DDHI’s potential. We are very proud we’ve taken DDHI this far.” she added.
“However, we also came to the humble realization that the capital and operational expertise needed to fully actualize our grand vision may well be beyond our personal capabilities. We recognized the need for a strong institutional partner, and there was no better choice for that than the clear industry leader that is Metro Pacific Health. We have full trust in the MPH leadership to deftly steer the organization onwards to realize the hospital’s full potential.”
Jose Noel C. de la Paz, MPH Director for Corporate Development, shared: “We are deeply honored and grateful that Dr. Lani along with her co-founders entrusted the care and development of her brainchild to us at MPH. It is a heavy responsibility, but we nevertheless draw confidence from the breadth and depth of the professional management team we have developed over the years, the wealth of best practices learned from our nationwide network of hospitals, plus the guidance of our Chairman Manuel V. Pangilinan, whose vision to deliver quality and affordable healthcare to all Filipinos started this all.”
In its 17-year history of transforming hospitals it invests in across the country, MPH has demonstrated what capital, professional management and group synergies can do to improve healthcare delivery. Similarly, MPH already has transformative plans in place for DDHI, geared to introduce clinical, operational and financial efficiencies for better patient experience and health outcomes.
DDHI is MPH’s 3rd investment transaction this year, and its 26th hospital investment in the country, bringing the group’s total in-patient capacity to more than 4,300 beds. Among MPH’s premier hospital names in its portfolio are Makati Medical Center, Asian Hospital and Medical Center, Cardinal Santos Medical Center, Manila Doctors Hospital and Marikina Valley Medical Center in Metro Manila, Calamba Medical Center in Southern Luzon, Riverside Medical Center (Bacolod) in the Visayas, and Davao Doctors Hospital and St. Elizabeth Hospital (General Santos) in Mindanao.
