PROFESSIONAL Services Inc. (PSI), the parent company of The Medical City, announced the completion of a Mandatory Tender Offer on September 20, 2023 by Universal Healthcare Services Pte. Ltd. (UHSPL) and Kambal Health Services Pte Ltd (KHSPL), affiliates of CVC Capital Partners. Through its affiliates, CVC will own 63.94 percent of PSI.
PROFESSIONAL Services Inc. , the parent company of The Medical City, announced the completion of a Mandatory Tender Offer on September 20, 2023 by Universal Healthcare Services Pte. Ltd. and Kambal Health Services Pte Ltd , affiliates of CVC Capital Partners.
The investment alliance between The Medical City and CVC seeks to expand Philippine health care capacity by augmenting resources for its five Philippine hospitals and 60-strong clinic network, the largest in the country. Brian Hong, Managing Partner for Southeast Asia at CVC Capital, reiterated that, “We are partnering with a management team led by President Eugenio Ramos that built a well-recognized leading brand in the Philippines across the whole spectrum of health care, from hospitals to clinics to the home, manifesting excellence from primary to subspecialty care practice.”
Hong also announced that Margaret A. Bengzon, who contributed to TMC’s growth as a former member of its leadership team, has been engaged to serve as Senior Advisor by its Singapore-based holding company. “Margaret s experience in health care with TMC will be useful as we build our portfolio in the region.”
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New investor to own 63.94% of The Medical City’s parent firm as CVC mandatory tender offer completedPROFESSIONAL Services Inc. (PSI), the parent company of The Medical City, announced the completion of a Mandatory Tender Offer on September 20, 2023 by Universal Healthcare Services Pte. Ltd. (UHSPL) and Kambal Health Services Pte Ltd (KHSPL), affiliates of CVC Capital Partners. Through its affiliates, CVC will own 63.94 percent of PSI.
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