Philippines hospital group secures private equity backing to fund hospital expansion
The deal signals growing investor confidence in the Philippines’ regional healthcare market as demand rises beyond major urban centres
Laguna-based Global Care Medical Center (GCMC) is set to expand its footprint and capacity following an investment from Philippines-based private equity firm Navegar and international investment firm LeapFrog.
Speaking at a briefing in Cabuyao, GCMC Chair Ricardo Celino said the undisclosed funding would help the group scale operations, enhance services, and develop new facilities. Plans include establishing additional Level 1 and Level 2 hospitals in other locations, as well as pursuing acquisitions where viable.
To date, GCMC operates a network of five hospitals across Laguna, four general hospitals and a cancer centre, with a combined capacity of more than 300 beds and support from over 760 doctors.
Celino confirmed that construction was already underway on a new facility in Pangasinan, to be named Global Care Medical Center of Pangasinan. The group is also exploring further growth in Northern Luzon.
For LeapFrog, the transaction marks its first investment in the Philippines. The firm said the move reflected confidence in the country’s economic trajectory and rising demand for quality healthcare.
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Chloe Fox
Chloe Fox is an Editorial Assistant for Voyageur Group, joining in 2024. She writes for ITIJ and AirMed&Rescue, covering a range of topics including international travel and health insurance, medical assistance provision, and air medical transportation. Chloe holds a BA (Hons) in English and an MA in English Literature from the University of Bristol.
February 2025
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