GIC, KKR buy 42.5% stake in Philippines' biggest hospital chain for 35b pesos
The deal values Metro Pacific Hospital Holdings at 83b pesos or US$1.61b
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Fiona Lam
Singapore
SINGAPORE'S sovereign wealth fund GIC and private equity giant KKR will take a 42.5 per cent stake in the Philippines' largest operator of private hospitals and healthcare services, Metro Pacific Hospital Holdings (MPHH).
MPHH's parent, infrastructure conglomerate Metro Pacific Investments Corporation (MPIC), on Tuesday announced it is selling part of its stake in the healthcare group to the KKR-led consortium for a total of 35.3 billion pesos (S$937.6 million).
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