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
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).
The deal values the hospital chain at some 83 billion pesos or US$1.61 billion - almost triple what it was worth in 2014 when GIC made its initial investment, based on The Bu…
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