Ayala eyes expansion of healthcare in the Philippines

 18-Feb-16, Retail News Asia

The country’s oldest conglomerate Ayala Corporation plans to expand its investments in the healthcare sector with the roll out of 100 retail clinics under the brand-name FamilyDoc over the next 3 years.

Image: Retail News Asia

Ayala Managing Director Paolo Borromeo said in an interview that the conglomerate, through its unit Ayala Healthcare Holdings Incorporated, experimented on developing a smaller primary care clinic in December last year.

Borromeo said the proposed clinic will house a pharmacy, a diagnostic center, and physicians to handle consultations.

So far, it has two FamilyDoc clinics located in Las Piñas and Imus, Cavite.

“If this becomes successful, we plan to build 100 clinics over the next 3 years,” Borromeo said.

Ayala had said it plans to invest $50 million in healthcare and education business over the next few years to make the most of the growing Philippine population and rising consumer spending.

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 Elsevier APAC Healthcare Update