AC Health to build first comprehensive cancer specialty hospital in the Philippines

Makati City - Ayala Healthcare Holdings, Inc. (AC Health) announced that it intends to build the first dedicated cancer specialty hospital in the Philippines. The stand-alone Cancer Hospital, to be built with an investment of approximately P2Bn, is envisioned to be a fully integrated, 100-bed facility located in Metro Manila. Its goal is to provide comprehensive high-quality cancer care services, but at more affordable prices. On the back of the recently passed Cancer Control Act (RA11225), the Cancer Hospital is expected to complement and support public sector efforts to improve cancer care in the Philippines.

Ayala Corporation President and COO, and AC Health Chairman, Fernando Zobel de Ayala, said that the Cancer Hospital aims to address the prevailing gaps in screening, diagnosis and treatment of cancer in the Philippines. “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,” he said.

AC Health President and CEO, Paolo F. Borromeo, added that they will be working with leading international cancer care providers to bring world-class operational and clinical expertise, as well as stateof-the art technology for the benefit of patients.

The Cancer Hospital will be a specialized center, equipped with diagnostic equipment (including a PET Scan), chemotherapy facilities, linear accelerators for advanced radiation therapy, and operating rooms
for the specialist surgeons. Apart from offering a comprehensive range of services, the hospital will be led by some of the top local oncologists, working in a dedicated group practice as part of multi-disciplinary
care teams.

“We are working with some of the most respected names in the local oncology field, and we are delighted that they share our vision for this Cancer Hospital. We are also encouraged by the feedback we have
gotten from patients who love the concept. I think having a specialized cancer hospital in the Philippines is long overdue, and our goal is to redefine cancer care by serving a broader segment of Filipinos, while
providing quality of care that matches global standards,” Borromeo said.

Borromeo also said that they plan to offer cancer screening services to identify cases early at AC Health’s FamilyDoc, now the largest retail clinic chain in the country.

The announcement comes after the recent passage of the Cancer Control Act (RA 11215), which, among its provisions, allows for the creation of cancer specialty hospitals and clinics by the private sector. The law also expands cancer education and screening efforts, and PhilHealth benefits for cancer patients.

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AC Health
Ayala Healthcare Holdings, Inc. (AC Health) is a wholly-owned subsidiary of the Ayala Corporation, and serves as the portfolio company for healthcare businesses. Its vision is to build an ecosystem that links every patient to a seamless healthcare experience. Its portfolio includes Generika Drugstore, the pioneer in generic retail pharmacies, and FamilyDOC, a new chain of community-based primary care clinics. AC Health is also investing in health technology solutions, such as its HealthTech arm, Vigos Health Technologies, MedGrocer, an FDA-licensed online pharmacy, and AIDE, a home health care platform.

For further inquiries, contact:

Gerard Garcia
Strategy and Communications Associate
garcia.gp@achealth.com.ph

May P. Florentino
Corporate Communications
Ayala Corporation
florentino.mpp@ayala.com.ph