Sunday, March 24, 2013

HOSPITAL: MPIC eyeing $135.5-million greenfield orthopedic project

INQUIRER's THE BUZZ -  Hospital PPP
 
Infrastructure holding firm Metro Pacific Investments Corp. has purchased bidding documents for the 700-bed specialty orthopedic hospital to be located within the National Kidney and Transplant Institute compound along East Avenue, Quezon City, but it looks like the group of businessman Manuel V. Pangilinan will take a raincheck.

Industry sources said the group realized that it was better to stick to its strategy of investing in existing hospitals and unlocking efficiencies from them than building new ones. “The building of greenfield hospitals is not part of our expertise yet,” said a source from the MVP group.

The government intends to bid out the $135.5-million greenfield orthopedic project on April 26 under the public-private partnership (PPP) framework. The winning bidder will design, build, finance, operate and maintain the facility for a 25-year concession period and then transfer the hospital to the Department of Health.

But another listed company plans to try its luck, especially after winning an earlier PPP project involving the construction of school-buildings. Industry sources said Megawide Construction—led by entrepreneurs Michael Cosiquien and Edgar Saavedra—would team up with a local healthcare expert to vie for this project.

Another strong contender is the Campos group via the Unilab-Mount Grace Hospital Ventures consortium.

The Department of Health earlier announced that other groups that had earlier purchased bidding documents were GE Health Care General Electric Philippines Inc., Sta. Clara International Corp., Philips Electronic and Lighting Inc. and Data Trail Corp.

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