Ayala Group completes acquisition of Healthway Philippines

Ayala Healthcare Holdings Inc. (AC Health) on Wednesday completed its acquisition of the Healthway Philippines Inc.

In a regulatory filing, Ayala Corp. said its wholly-owned subsidiary AC Health on January 15 completed the acquisition of a 100% stake in Healthway Philippines Inc. from Healthway Asia Ltd.

Upon completion of the transaction, AC Health took over ownership of seven mall-based Healthway specialty clinics and 40 corporate clinics across the country.

This will supplement AC Health's existing clinic portfolio, which currently includes 70 FamilyDOC community-based primary care clinics and 10 corporate clinics.

"The transaction is aligned with AC Health's efforts to expand its reach across the healthcare industry," the disclosure read.

"Healthway's seven specialty clinics and 40 corporate clinics integrates with the healthcare ecosystem under AC Health's current portfolio of primary healthcare clinics, retail pharmacies, and health technology platforms," it added.

Healthway currently offers out-patient services such as specialty consults, imaging, laboratory, specialized diagnostics, ambulatory surgical services, dental services, and physical therapy.

"Through Healthway’s specialty clinics that offer a comprehensive range of out-patient services... AC Health will be able to serve a broader base of patients that require more than basic diagnostics and primary care," said Ayala Corp.

"Additionally, the company looks to tap into potential synergies including patient referrals, sharing of medical professionals, and integration of diagnostics and pharmacy services," he added.

No SARS patient

In an earlier statement, Healthway Philippines denied claims that one of its clinics treated a SARS patient from China.

"Please be advised that this is fake news," it said in an advisory on Tuesday.

"There has been no reported case of SARS in any Healthway clinic including Shangri-La branch," it elaborated. — RSJ, GMA News