AC Health to construct $38m cancer specialty hospital in Philippines
May 10, 2019 – Ayala Healthcare (AC Health) has unveiled plans to build the first dedicated cancer specialty hospital in the Philippines, with an investment of approximately PHP2bn ($38.3m).
Planned to be built in Metro Manila, the stand-alone Cancer Hospital will be equipped to provide comprehensive high-quality cancer care services.
The fully integrated, 100-bed facility is expected to complement and support public sector efforts and improve cancer care in the country.
The hospital is also expected to address the prevailing gaps in screening, diagnosis and treatment of cancer.
Ayala president and COO, and AC Health chairman Fernando Zobel de Ayala said: “Cancer is now the third leading cause of death in the Philippines, and unfortunately, we struggle with poor outcomes.
“A key pillar of our advocacy is screening and early detection so that we can diagnose patients earlier, and provide them with more affordable high-quality cancer care.”
AC Health president and CEO Paolo Borromeo said that the firm intends to bring operational and clinical expertise, as well as technology to Cancer Hospital for the benefit of patients.
The Cancer Hospital, which will be a specialised centre, will feature diagnostic equipment (including a PET Scan), chemotherapy facilities, linear accelerators for advanced radiation therapy, and operating rooms for the specialist surgeons.
Borromeo noted that the firm is planning to offer cancer screening services to identify cases early at AC Health’s FamilyDoc, a retail clinic chain in the country.
The development announcement comes as a result of the recently passed Cancer Control Act (RA11225), which allows private sectors to build cancer specialty hospitals and clinics.
The law, among other provisions, expands cancer education and screening efforts, and PhilHealth benefits for cancer patients.
A wholly-owned subsidiary of the Ayala, AC Health serves as the portfolio company for healthcare businesses.
AC Health is investing in health technology solutions, which include HealthTech arm, Vigos Health Technologies, MedGrocer, an FDA-licensed online pharmacy, and AIDE, a home health care platform.