By EMMIE V. ABADILLA
Manila Bulletin
Metro Pacific Investments Corporation (MPIC) Tuesday signed a Share Purchase Agreement with Torre Hermanos Agro-Industrial Enterprises Inc. to acquire a 51% shareholding in Riverside Medical Center Inc. (RMCI), the largest hospital in
Bacolod City, Negros Occidental.
RMCI will be the 4th premier hospital to join MPIC’s growing nationwide chain – now with a total group capacity in excess of 1,300 beds, which includes the Makati Medical Center and Cardinal Santos Medical Center in Metro Manila, and Davao Doctors Hospital in
Mindanao.
For the fiscal year ended May 31, 2009, RMCI had consolidated revenues of P940 million, assets of P911 million, liabilities of P553 million, and equity of P358 million.
RMCI, also known as the Dr. Pablo O. Torre Memorial Hospital in honor of its visionary founder who started it as an 8-bed clinic in 1954, was grown by the family into a 336-bed level IV hospital with medical departments comprising Obstetrics & Gynecology, Medicine, Orthopedics, ENT, Pediatrics, Emergency Medicine, Pathology, Physical Medicine and Rehabilitation, Imaging Sciences, Anesthesia, Surgery, and Opthalmology.
It has a wholly-owned subsidiary, Riverside College Inc., a nursing school with 2,800 students.
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Topic: Riverside Medical Center Inc. in Bacolod City (Read 1617 times)