Published April 16, 2021, 5:00 AM
The Development Bank of the Philippines (DBP) granted a P1.275-billion loan to Allied Care Experts (ACE) Medical Group to improve their hospitals in Northeast and Central Luzon.
ACE will spend P655-million to build a 101-bed five-storey Level 2 hospital building and acquire various medical equipment for its medical center in Tuguegarao, according to DBP President and Chief Executive Officer Emmanuel G. Herbosa.
“The remaining P620-million will be spent for the partial construction of a 103-bed seven-storey Level 2 hospital building for San Jose del Monte – Muzon Medical Center in Bulacan,” he noted.
Present during the loan signing were (seated from left) DBP Senior Vice President Catherine T. Camarao; San Jose del Monte – Muzon Medical Center, Inc. President Dr. Diosdado M. Bartolo, Jr.; ACE Medical Center – Tuguegarao, Inc. Founder Dr. Carlos Fernando; DBP Executive Vice President Jose Gabino D. Dimayuga; ACE Medical Center Chairman Dr
DBP finances P760-million health facility in Pangasinan
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DBP lends P760 million for healthcare facility in Pangasinan
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BusinessWorld
February 25, 2021 | 12:07 am
THE Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.âs bond offering and has greenlit Allied Care Experts (ACE) Medical Center-Palawan, Inc.âs initial public offering (IPO).
âIn its meeting on February 23, the Commission En Banc resolved to render effective the respective registration statements of AboitizPower for the issuance of fixed-rate bonds worth up to P30 billion and of ACE Medical Center-Palawan for the initial public offering of shares worth about P1 billion, subject to certain remaining requirements,â the SEC said in a statement.
The commission granted AboitizPower permission to issue the securities in one or more series in the next three years. The company plans to offer up to P4-billion fixed-rate bonds due in 2026, to be listed on the Philippine Dealing & Exchange Corp.
Bing: Multi-million hospital to improve healthcare access
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