INQUIRER.net: Ayala Land enters hospital business

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INQUIRER.net Philippine News for Filipinos

Ayala Land enters hospital business Jul 2nd 2013, 02:27 MANILA, Philippines -- Ayala Land Inc. is breaking into the hospital business to be able to integrate the offering of medical facilities in its mixed-use communities. ALI announced late Monday that it had entered into an agreement to acquire Whiteknight Holdings, Inc. (WHI), a company which is wholly owned by the Mercado family and a 33 percent equity stockholder of Mercado General Hospital, Inc. (MGHI). The acquisition of WHI will allow Ayala Land to build a strategic partnership with the Mercado group and support MGHI's future growth, the statement said. It was pointed out that MGHI has plans to expand to other places in the country where Ayala Land has a presence or plans to o... Keep on reading: Ayala Land enters hospital business

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