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