Metro Pacific Investments Corporation

Metro Pacific Hospitals Completes Investment by KKR

Retrieved on: 
Monday, December 9, 2019
General Health, Hospitals, Health, Companies, Metro Pacific Investments Corporation, Kohlberg Kravis Roberts, Maynilad Water Services, Gic, West Metro Medical Center

Metro Pacific Investments Corporation (MPIC) (PSE: MPI), global investment firm KKR, and GIC, Singapores sovereign wealth fund, today announced the completion of investments in Metro Pacific Hospital Holdings, Inc. ("Metro Pacific Hospitals" or the Company) by KKR and an affiliate of GIC (GIC).

Key Points: 
  • Metro Pacific Investments Corporation (MPIC) (PSE: MPI), global investment firm KKR, and GIC, Singapores sovereign wealth fund, today announced the completion of investments in Metro Pacific Hospital Holdings, Inc. ("Metro Pacific Hospitals" or the Company) by KKR and an affiliate of GIC (GIC).
  • 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.
  • We anticipate Metro Pacific Hospitals will continue to go from strength to strength alongside KKR and GIC, and we look forward to continuing our long-term partnership with the whole Metro Pacific team.
  • Metro Pacific Investment Corporation is a publicly-listed, infrastructure investment firm in the Philippines, with holdings in Manila Electric Company, Global Business Power, Maynilad Water Services, Inc. and Metro Pacific Tollways Corporation.

MPIC Raises Php 35.3bn from KKR’s Investment in Hospital Unit

Retrieved on: 
Tuesday, October 15, 2019
Professional services, Health, Hospitals, Other Health, Finance, General Health, Companies, Kohlberg Kravis Roberts, Metro Pacific Investments Corporation, MPIC, Finance, Metro Pacific Investments Corporation, Metro Pacific Hospital Holdings, Inc., KKR, GIC

GIC will restructure its current investment in Metro Pacific Hospitals and will re-invest alongside KKR.

Key Points: 
  • GIC will restructure its current investment in Metro Pacific Hospitals and will re-invest alongside KKR.
  • As part of MPIC's wider financing arrangements, the KKR-led consortium will also invest in a Php 30.1 billion (US$ 580.0 million) mandatorily exchangeable bond issued by MPIC.
  • MPIC plans to use the proceeds of this issuance to reduce its bank borrowings.
  • KKR's record of assisting transformational businesses is well known, and our plans for the future of Metro Pacific Hospitals are ambitious."