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Philippines’ GIC-Backed Metro Pacific Hospital Reviving $1 Billion IPO, Sources Say

  • Metro Pacific Hospital could list in Manila as soon as 1H 2024
  • Health-care group invested in 19 hospitals with 3,800 beds
Updated on

Metro Pacific Hospital Holdings Inc. is considering reviving an initial public offering in Manila, according to people with knowledge of the matter, after shelving its original plan in 2019.

The Philippines’ largest private hospital group, backed by KKR & Co. and Singapore’s sovereign wealth fund GIC, is weighing buying out minority stakes in some of its hospitals to pave the way for the potential first-time share sale, said the people. Metro Pacific could seek to raise $500 million to $1 billion in an IPO that could take place as soon as the first half of next year, the people said, asking not to be identified as the process is private.