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AC Health acquires majority stake in Cebu Velez General Hospital
The group plans to expand its network to at least 10 hospitals by 2027.
AC Health, through its provider arm Healthway Medical Network, has signed an agreement to acquire a majority stake in Cebu Velez General Hospital, a 200-bed Level 3 hospital.
The acquisition follows an investment deal with Singapore-based ABC Impact, which has taken a 16% minority stake in AC Health.
The group plans to expand its network to at least 10 hospitals, 300 clinics, and 1,150 pharmacies by 2027.
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