Villar Group to build 14 hospitals in 5 to 10 years
By Leslie D. Venzon

MANILA, Dec. 1 (PNA) -- The Villar Group plans to build 14 hospitals offering 3,000 beds nationwide over the next five to 10 years, with the goal of eventually publicly listing its hospital unit, Vitacare Healthcare Inc.

Chairman Manuel Villar told reporters that Vitacare already signed an agreement with a group of doctors for the construction of two-phase hospital, its first and will be the biggest, in Vista City in Daang Hari, Muntinlupa.

Villar said they will spend Php500 million to build the first phase of the 100-bed hospital, to be branded as the Vitacare Unimed Hospital & Medical Center.

Construction starts in May 2016 and is targeted for completion in two years.

Villar said they aim to start the construction of the second phase comprising a 300-bed hospital after a year.

After the Daang Hari hospital, Villar said 13 more hospitals will be built with different partners over the next five to 10 years.

He said possible areas for expansion are Paranaque; Balanga, Bataan; Malolos and San Jose del Monte in Bulacan; General Trias and Tanza in Cavite; Santo Tomas in Batangas; San Fernando, Pampanga; Camarines Sur, Naga; Talisay, Cebu; Boton, Iloilo; Davao and Cagayan de Oro.

"Sometime in 2016, we should be launching the second and the third (hospitals),” he added.

Villar said the Group is ramping up expansion of its chain of hospitals amid plans to list Vitacare Healthcare.

“Eventually I will go public with it, but I'm taking my time,” he said. (PNA)

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