AC Health to boost ex­pan­sion of Fam­i­lyDoc clin­ics

Business World - - Corporate News - By Arra B. Fran­cia Re­porter

THE health care unit of Ay­ala Corp. (AC) looks to end the year with more than 80 Fam­i­lyDoc clin­ics, as it con­tin­ues to be on the look­out for part­ner­ships to ex­pand its ex­ist­ing fa­cil­i­ties.

Ay­ala Health­care Hold­ings, Inc. (AC Health) Chief Ex­ec­u­tive Of­fi­cer Paolo Max­imo F. Bor­romeo said the com­pany is on track with its ex­pan­sion plans, which in­volves putting up 1,000 Gener­ika drug­stores and 100 Fam­i­lyDoc clin­ics by 2020.

“We’re on track with our ex­pan­sion plans. We’re very ex­cited about where we are with Gener­ika and with Fam­i­lyDoc, we have over 50 clin­ics now. And by (2019), we should have over 80 clin­ics. Our tar­get is still 100, but that’s only here in Greater Manila Area,” Mr. Bor­romeo told Busi­nessWorld on the side­lines of the AC Health Lead­er­ship Sum­mit in Makati last month.

AC Health holds a 50% stake in Gener­ika Drug­store fol­low­ing its part­ner­ship with the Fer­rer fam­ily in 2015, which owns the other half.

“We in­vested in Gener­ika drug­store to help ex­pand the reach of generic medicines, which pro­vide Filipinos up to 80% sav­ings ver­sus branded equiv­a­lents,” AC Pres­i­dent and Chief Op­er­at­ing Of­fi­cer Fer­nando Zo­bel de Ay­ala said in a speech dur­ing the event.

“We also be­lieve that Filipinos de­serve qual­ity, pri­mary care, and as such, have been in­vest­ing to ex­pand our Fam­i­lyDoc clin­ics across more com­mu­ni­ties where ac­cess to ba­sic health ser­vices have his­tor­i­cally been lim­ited.”

Asked if the com­pany is plan­ning to put up Fam­i­lyDoc clin­ics in the prov­inces, Mr. Bor­romeo said they have yet to draw up such plans.

“We haven’t thought of it yet. But if we do go out­side of Metro Manila, our fo­cus will be the big cities like Cebu, Davao, Iloilo, and in those cases, what I’d like to do is work with some­one, with a lo­cal part­ner prefer­ably that will give us large health care in those mu­nic­i­pal­i­ties,” Mr. Bor­romeo ex­plained.

PART­NER­SHIPS

The AC Health ex­ec­u­tive noted that while they can­not dis­close any agree­ments yet, they con­tinue to look for part­ner­ship op­por­tu­ni­ties that will al­low them to in­vest in ex­ist­ing hos­pi­tals, or to build new fa­cil­i­ties from the ground up.

“Mov­ing for­ward, we’re look­ing at in­vest­ing in the hos­pi­tal and spe­cialty care space to com­plete the con­tin­uum of care for our pa­tients. We be­lieve this ecosys­tem view is im­por­tant in de­liv­er­ing in­te­grated qual­ity, and af­ford­able ser­vices,” Mr. Zo­bel said.

AC Health has been steadily ex­pand­ing its port­fo­lio. Last De­cem­ber, it ac­quired a 75% stake in Ne­gros Grace Phar­macy, Inc., broad­en­ing its foot­print in the Visayas.

The com­pany is also in­vest­ing in tech­nolo­gies that could po­ten­tially dis­rupt the health care in­dus­try in the fu­ture. For in­stance, the com­pany ac­quired a mi­nor­ity stake in a home health app called Aide, which al­lows pa­tients to book doc­tors, nurses, and other med­i­cal pro­fes­sion­als to pro­vide health care ser­vices at home. It also has in­vest­ments in on­line phar­macy MedGro­cer.

AC booked a net in­come at­trib­ut­able to the par­ent of P23.86 bil­lion in the first nine months of 2018, 3% higher year-on-year, on the back of an 18% uptick in gross rev­enues to P201.68 bil­lion.

AC Health cur­rently op­er­ates 50 Fam­i­lyDoc clin­ics.

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