Hospital chain secures P1.3 billion loan from DBP : vimarsan

Hospital chain secures P1.3 billion loan from DBP
Czeriza Valencia
© STAR/File
Hospital chain secures P1.3 billion loan from DBP
MANILA, Philippines — State-run Development Bank of the Philippines (DBP) has extended new loans totaling P1.275 billion to Allied Care Experts (ACE) Medical Group for the improvement of its health facilities in Tuguegarao and Bulacan provinces.
DBP president and chief executive officer Emmanuel Herbosa said P655 million would be used to partially finance the construction of a 101-bed, five-story Level 2 hospital building, and the acquisition of various medical equipment in ACE Medical Center – Tuguegarao.
The remaining P620 million, on the other hand, will partially fund the construction of a 103-bed, seven-story Level 2 hospital building in San Jose del Monte - Muzon Medical Center in Bulacan.

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