Press Releases


February 2021

AC Health completes acquisition of QualiMed Health Network

Ayala Healthcare Holdings, Inc. (AC Health) through Healthway Philippines, Inc. (HPI), has completed its  acquisition of a majority stake of Mercado General Hospital Inc. (MGHI) through the purchase of shares  from White Knight Holdings, Inc., a wholly owned subsidiary of Ayala Land, Inc. and other shareholders.  MGHI owns and operates the QualiMed Health Network, which includes 4 hospitals: QualiMed Sta. Rosa  located in Nuvali, QualiMed San Jose Del Monte in Bulacan, QualiMed Iloilo in Iloilo City, and Daniel O.  Mercado Medical Center in Tanauan, Batangas. In addition, QualiMed also operates an ambulatory  surgical center in UP-PGH, and has clinics in Makati, Quezon City and in Cebu IT Park.  

The agreement was signed on February 26, 2021 between HPI, led by Paolo Borromeo, AC Health  President and CEO, Dr. Edwin Mercado, QualiMed’s founding President & CEO, and Alfonso Javier D.  Reyes, representing Ayala Land, Inc.

AC Health completes acquisition of QualiMed Health Network
From L- R Seated –  Alfonso Javier Reyes, President and CEO of ALI Capital, Paolo F. Borromeo, President and CEO of AC Health, Dr. Edwin Mercado, Founding President and CEO of QualiMed, Dr. Edwin Lim, Board Member of QualiMed

From L – R Standing – Ruby P. Chiong, CFO of AC Health, Jimmy E. Ysmael, Incoming President and CEO of QualiMed, Sol Mercado, VP for Marketing of QualiMed, Susan Lat, Board Member of QualiMed

QualiMed also introduced its new President and CEO, Jaime “Jimmy” E. Ysmael, who was formerly the  President and CEO of Ortigas Land Corporation. Jimmy previously held the position of Senior Vice  President and Group Chief Financial Officer of Ayala Land, Inc., and was a Managing Director of Ayala  Corporation. 

“The addition of QualiMed into the AC Health network comes at an opportune time, now that health has  become top of mind for all of us. QualiMed helps complete AC Health’s service delivery network by  providing healthcare at the tertiary level, and by expanding its portfolio of specialty clinics. We have big  ambitions for QualiMed. This year our focus will be on integration to drive QualiMed’s clinical, operational  and financial performance, building on the strong foundation established under Dr. Mercado’s leadership”  said Jimmy Ysmael, newly appointed President and CEO of the QualiMed Health Network  

With this acquisition, AC Health’s clinics and hospitals portfolio will now include QualiMed’s four general  hospitals, more than 85 outpatient clinics and 80 corporate clinics under the Healthway brand, and the  country’s first specialty cancer hospital, which is set to open in 2023.  

“We are excited and honored to be part of the AC Health family. Over the years, we have worked hard to  establish the QualiMed Health Network as a trusted provider of affordable and accessible healthcare. This  is a common vision that we share with AC Health, and we look forward to becoming even stronger now  that we are part of a broader healthcare ecosystem. We are also excited to develop synergies with the AC  Health family, including a stronger pharma supply chain, digital integration, and our upcoming COVID-19  vaccination program” said Dr. Edwin Mercado, founding President and CEO of the QualiMed Health  Network.  

The QualiMed Health Network will be housed under Healthway Philippines, Inc. (HPI) along with the  family, multi-specialty, and corporate clinics, and the specialty cancer hospital.  ###  

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, IE Medica and MedEthix, major pharmaceutical importer and distributor,  Healthway Medical, one of the most trusted brands of community, mall-based multi-specialty and  corporate clinics in the country. AC Health is also investing in health technology solutions, such as its  HealthTech arm, Vigos Health Technologies, HealthNow, a healthcare super app that offers online  consultations, medicine delivery, and clinic and diagnostic booking, AIDE, a home health care platform,  Fibronostics, an algorithm-based health-risk assessment tool, and ObvioHealth, a digital clinic trials  platform.  

For further inquiries, contact:  

Nicole B. Bautista  

Strategy and External Affairs Associate  

Contact: 0917-143-7831