The two hold an 80% stake in the private hospital group, and Metro Pacific Investments owns the rest
GLOBAL investment company KKR and Singaporean sovereign wealth fund GIC have appointed Bank of America, Jefferies and UBS to sell their majority stake in the Philippines’ Metro Pacific Health in a deal that could value the company at US$3.2 billion, sources said.
A sale process could start as early as the fourth quarter of this year, or the first quarter of 2025, one of them added.
The source noted that KKR and GIC together hold an 80 per cent stake in Metro Pacific Health – the Philippines’ largest private healthcare group.
The Philippines’ infrastructure group Metro Pacific Investments owns the remaining 20 per cent stake in Metro Pacific Health, the former company’s website indicated.
Bank of America, UBS, GIC and KKR declined to comment. Jefferies, Metro Pacific Health and Metro Pacific Investments did not respond to immediate requests for comment.
Founded in 2007, Metro Pacific Health runs 24 hospitals including Makati Medical Center and Davao Doctors Hospital, its website showed.
It also has 31 outpatient care centres, six cancer care centres, two allied health colleges and a centralised laboratory.
KKR and GIC first invested in Metro Pacific Health in 2019 for a total of US$680 million, showed statements at the time. REUTERS
