Ayala Corp. Van Philippines to sell minority stake in AC Health to ABC impact from Temasek

AC Health-A full subsidiary of billionaire Jaime Zobel the Ayala and his family‘S Ayala Corp. sells an interest of 16% for an unknown amount to ABC-Impact, a Singapore-based investor supported by Temasek.

In its first Filipino company, ABC Impact primary capital in the health care company will inject, to support the expansion of the Filipino company, AC Health said in a statement. ABC Impact has a regional portfolio with investments in India, China and Vietnam.

“The investment of ABC Impact reinforces the strength of our integrated model and our dedication to make health care more inclusive,” said Paolo Borromeo, CEO of AC Health.

Said Ayala Corp. in April It is intended to increase AC -Health to become its next unicorn with $ 2 billion in share appreciation by 2035, four times its current value. AC-Health was founded ten years ago and built its hospitals, multi-specialty clinics and retail pharmacies through organic growth and acquisitions.

By 2027 AC Health wants to expand its network to at least 10 hospitals, 300 clinics and 1,150 pharmacies. In April it had 880 drug stores, two drug importers who had a permit to distribute more than 1,178 medicines, 236 business and multi-specialty clinics and six hospitals under Healthway Medical.

The investment of ABC Impact follows a strategic AC -health partnership that was entered into with Dexa Group last week, one of the largest pharmaceutical companies in Indonesia, to import and distribute medicines in the Philippines.

Ayala Corp. Has since 2015 invested 15 billion pesos ($ 263 million) in AC Health, which in 2024 booked a net loss of 610 million, because the costs for assets disorders and the costs of its new cancer center increased a 10% in sales to 9.4 billion pesos.

“This collaboration with Ayala and AC Health reflects our mission to improve lives by promoting access to quality assurance,” said ABC Impact CEO David Heng. “Through our regional experience in health care and impact lens, we want to support the efforts of AC Health to strengthen systems and to serve more communities in the Philippines.”

Ayala Corp., the oldest conglomerate in the country, was started by the great -grandfather of Jaime Zobel the AyalaThe Family Patriarch, in 1834 as a distillery. Nowadays, the company listed on Manila has interests in banking, energy, logistics, utilities and real estate. With a net value of $ 3.4 billion, the family is in seventh place of the richest in the Philippines.