METRO Pacific Investments Corp., global investment firm KKR and GIC, Singapore’s sovereign wealth fund announced Monday, Dec. 9, 2019, the completion of investments in Metro Pacific Hospital Holdings Inc. by KKR and an affiliate of GIC.

These were made through a series of transactions in common shares in Metro Pacific Hospitals and in mandatorily exchangeable bonds issued by MPIC.

Proceeds from the sale of shares in the company will be used to support Metro Pacific Hospitals’ potential investments in additional hospitals and new healthcare businesses.

The capital will also be used to grow the company’s existing subsidiaries, associates, and joint ventures.

Metro Pacific Hospitals is the operator of the largest private hospitals and healthcare network in the Philippines in terms of authorized bed capacity and revenues, with interests in 14 hospitals and approximately 3,200 beds across the country. (PR)