Connect with us

Hi, what are you looking for?


Lopez firm buys unit of US healthcare provider

LOPEZ-LED First Philippine Holdings Corp. (FPH) has signed an agreement to acquire the local subsidiary of Medical Services of America, Inc. (MSA) as part of its expansion plans in the healthcare industry.

MSA provides a comprehensive range of cardiopulmonary services and equipment for hospitals and home-services patients.

FPH President and Chief Operations Officer Francis Giles B. Puno and MSA-Philippines General Manager Aurora J. Dereja signed the agreement on Dec.9, the firm said in a press release on Sunday.

“This new acquisition provides FPH a platform to add new service offerings to what MSA-Philippines offers now in the healthcare industry,” FPH Senior Vice-President for Health Services Businesses Joaquin E. Quintos, IV said in a statement.

FPH currently has two more health-related businesses which are Asian Eye Institute and Philippine Impact Health.

“The services created from these various healthcare businesses aim to improve the ecosystem of healthcare providers in the country and, ultimately, the health and wellness of the Filipino population,” Mr. Puno said.

FPH received advice from SGV & Co. and Puno Law for the acquisition, while MSA was advised by PwC Philippines and Cabrera & Co.

MSA was originally organized in the US in 1973 as a provider of comprehensive healthcare services. It started in the Philippines as a servicing company for four partner-hospitals five years after it opened in the US.

At present, MSA-Philippines works with over 50 partner-hospitals and clinics nationwide with a portfolio of 200 employees.

“With a strong and credible Philippine parent company, MSA-Philippines hopes to expand further its footprint in the Philippines and offer more healthcare solutions to our partner-hospitals,” Ms. Dereja said.

FPH, which is led by the Lopez family, also has interests in power generation, infrastructure, manufacturing, and property development.

Its subsidiaries include First Gen Corp., Batangas Cogeneration Corp., First Philec, Inc., Rockwell Land Corp., and First Balfour, Inc. — Justine Irish D. Tabile

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!


Editor’s Pick

<?xml encoding=”utf-8″ ??> Pressure on the Tory Party chairman increases as the head of HMRC says there are no penalties for ‘innocent errors’. Nadhim...

Editor’s Pick

<?xml encoding=”utf-8″ ??> With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike...

Editor’s Pick

<?xml encoding=”utf-8″ ??> TSB’s 5,700 staff and executives are to share a 10% bigger bonus pot this year, after rising interest rates pushed the...

Editor’s Pick

<?xml encoding=”utf-8″ ??> NatWest is to shut another 23 branches in England and Wales, adding to a raft of high street banking closures already...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Shell has put more than 2,000 jobs in the UK at risk after launching a “strategic review” of its domestic energy...

Editor’s Pick

<?xml encoding=”utf-8″ ??> British taxpayers have become shareholders in a further 53 companies backed by a government rescue funding scheme. These firms include a...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.