{"id":330675,"date":"2024-11-29T07:58:52","date_gmt":"2024-11-28T23:58:52","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330675"},"modified":"2024-11-29T07:58:55","modified_gmt":"2024-11-28T23:58:55","slug":"trade-the-news-investors-eye-stake-in-ac-health","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-investors-eye-stake-in-ac-health\/","title":{"rendered":"Trade the News: Investors eye stake in AC Health"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Ayala Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>AC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 884.44<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Ayala Corp. (AC) is looking to welcome a strategic partner in its healthcare unit.<\/p>\n\n\n\n

Ayala chief financial officer Alberto de Larrazabal told The STAR that the group has been approached for the sale of a portion of its stake in AC Health.<\/p>\n\n\n\n

\u201cThere have been expressions of interest. There are people who approached (us),\u201d he said.<\/p>\n\n\n\n

Larrazabal, however, said discussions are \u201cstill exploratory at this time.\u201d<\/p>\n\n\n\n

\u201cI am not at liberty to talk, but nothing firm at this point,\u201d he said.<\/p>\n\n\n\n

The Ayala executive said there is no particular size of the stake up for sale at this point.<\/p>\n\n\n\n

Reuters had previously reported that the conglomerate is exploring the possibility of selling a minority stake in AC Health to strategic investors or partners in order to help further expand the business.<\/p>\n\n\n\n

AC Health is gearing up for its next stage of growth.<\/p>\n\n\n\n

AC Health president and CEO Paolo Borromeo earlier said the company\u2019s commitment to operational excellence is not just about scaling up, but is also about doing things better.<\/p>\n\n\n\n

\u201cIt\u2019s about ensuring that as we continue to expand, we remain agile and responsive to the healthcare needs of Filipinos, especially as we grow our portfolio,\u201d he said.<\/p>\n\n\n\n

AC Health is established in 2015 as a wholly owned Ayala subsidiary that aims to provide Filipinos accessible, affordable and quality healthcare.<\/p>\n\n\n\n

In 2019, AC Health acquired minority stakes in IE Medica and its affiliated distribution company MedEthix to expand its pharma portfolio and elevate the healthcare landscape in the Philippines.<\/p>\n\n\n\n

Aside from IE Medica and MedEthix, its current portfolio includes Generika Drugstore, the pioneer in generic retail pharmacies; Healthway and QualiMed, a network of multi-specialty clinics, ambulatory centers and full-service hospitals; as well as KonsultaMD, a healthcare aggregator app that offers online consultations, medicine delivery and clinic and diagnostic booking.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330675","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330675"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330675\/revisions"}],"predecessor-version":[{"id":330677,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330675\/revisions\/330677"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}