Ayala Healthcare Holdings, Inc. (AC Health) announced its plans to continue investments in the healthcare space, including future investments in hospitals, financing, and health technology. This is alongside its aggressive expansion plans for Generika drugstores, and FamilyDOC primary care clinics.
“Our vision at AC Health has always been to build an integrated healthcare ecosystem,” said Paolo F. Borromeo, CEO of AC Health. “Demand for better healthcare services remains high, and we are expanding to serve more customers and patients. At the same time, we are also actively looking for new investments to integrate within our portfolio. We have strong conviction that healthcare in the Philippines is ripe for disruption.”
Since establishing a partnership with AC Health in July 2015, Generika has expanded to over 700 stores nationwide. It has also developed new store formats, such as a larger Health & Wellness Store in Signal Village, Taguig. This branch will also house the new FamilyDOC Express, a joint pilot between Generika and FamilyDOC, which will co-locate a doctor’s clinic in a pharmacy.
FamilyDOC, for its part, is poised to become the largest primary care clinic chain in the Philippines, now with 15 sites in Cavite, Las Piñas, Parañaque, and Pateros. Since it opened in December 2015, FamilyDOC has served over 40,000 unique patients in predominantly middle-class communities. FamilyDOC will have a total of 50 clinics in 2018 as it expands to Laguna, Pasig, Taguig, Rizal, & Quezon City. It is also exploring franchising opportunities to boost its expansion further.
AC Health is now looking to invest in hospitals & financing in parallel with its continued expansion in retail health. These future investments would complement its current retail health portfolio.
“We see many potential synergies with hospitals and financing. Moving forward, we want to offer a full continuum of quality healthcare – from basic primary care at the community level, to more specialized inpatient care at hospitals, that allows us to treat more complex diseases and conditions. Health financing would be a key enabler to ensure access to these services. The end goal is to offer a more seamless experience for patients and their families,” Borromeo added.
AC Health also continues to seek investments in innovative health technology. In February 2017, it invested in MedGrocer, a local start-up operating an FDA-licensed online pharmacy. To date, Med-Grocer has provided medicines and vaccinations to over 24,000 people. In addition, AC Health has rolled out its proprietary Electronic Medical Records system with data analytics capabilities in FamilyDOC clinics.
AC Health is part of Ayala Corporation’s ongoing strategy to invest in social infrastructure, such as healthcare and education.
Ayala Healthcare Holdings, Inc. (AC Health) is a wholly-owned subsidiary of the Ayala Corporation, and serves as the portfolio company for healthcare businesses. Its vision is to build a synergistic ecosystem that links every patient to a seamless healthcare experience. Its portfolio includes Generika Drugstore, the pioneer in generic retail pharmacies, FamilyDOC, a new chain of community-based primary care clinics, and MedGrocer, an FDA-licensed e-Pharmacy.