Filipino hospital operator and owner Metro Pacific Hospital Holdings Inc. is seeking to secure 15 to 20 billion Philippine pesos ($286.9 to $382.6 million) in fresh capital in the next two years.
Metro Pacific Hospital, a unit of investment and management company Metro Pacific Investments Corp., is securing the funds to support its plan of having 30 to 40 hospitals in the future.
Metro Pacific Investments is evaluating whether Metro Pacific Hospital should seek an initial public offering or private placement to raise the funds.
Currently, Metro Pacific Hospital has 14 hospitals offering about 3,200 beds under its network. The company is targeting to further increase this network to 5,000 beds.