Manila-based group acquires Iloilo hospital-A A +A
Friday, June 17, 2011
THE Great Saviour International Hospital (GSIH) in Iloilo City is now fully owned, managed and operated by the Manila-based The Medical City (TMC).
The turnover of full ownership was held June 17 in Iloilo City that also highlighted the launching of a cardiovascular program with cutting edge technology in the newly renamed The Medical City Iloilo.
The reported purchase amount of P150 million is included in the P700-million investment package pledged last year by TMC president and chief executive officer (CEO) Alfredo RA Bengzon and TMC chairman Augusto Sarmiento.
The Medical City has formerly managed and operated the GSIH.
Bengzon said the hospital is the first to offer world-class cardiovascular program in Western Visayas under its national expansion program to bring quality health and heart care to more Filipinos in the countryside.
Dr. Evangeline Johnson, GSIH president and CEO, remains the biggest stockholder of the city hospital.
Johnson is also the owner of Our Lady of Mercy Specialized Hospital in Bacolod City.
Launched at the TMC Iloilo were new and advanced hospital facilities such as Catheterization Laboratory presented by Iloilo Governor Arthur D. Defensor, newly renovated operating room and Intensive Care Unit presented by Department of Health Regional Director Ariel Valencia, CT Scan, mammography and 2D Echo facilities presented by Iloilo City Mayor Jed Patrick Mabilog, international patient service center by Department of Tourism Regional Director Edwin Trompeta and expanded consultation clinics by pulmonologist Dr. Rene Juaneza.
Bengzon said the hospital adheres to a unique patient partnership philosophy where patients and doctors openly and equally collaborate towards effective, highly customized health care.
The investors admitted that medical tourism in Iloilo is flourishing signified by the attraction of international visitors who came to see Boracay Island and other tourist attractions in Panay Island, especially in the Iloilo.
With the localization of world class medical care facilities, international visitors are assured of proper medical care, said Bengzon, a former health secretary.
The new management team said that an evaluation is currently being conducted on the status of present hospital staff and doctors and a complete staffing pattern will be completed by first week of July this year.