Manila: Global Care Medical Center, a Laguna-based hospital, is seeking to expand its scale and capacity utilizing capital from Philippines-based private equity firm Navegar and international investment firm LeapFrog. In a briefing in Cabuyao on Tuesday, GCMC chair Ricardo Celino stated that the undisclosed amount will significantly boost their capacity to further improve their services, establish new Level 1 and 2 facilities in other areas, and potentially acquire medical facilities if opportunities arise.

According to Philippines News Agency, GCMC currently operates a network of five hospitals in Laguna, which includes four general hospitals and a cancer center with a total capacity of over 300 beds supported by more than 760 doctors. Celino also noted that construction of another facility in Pangasinan is ongoing, which will be known as Global Care Medical Center of Pangasinan, and there are plans to acquire a medical facility in Northern Luzon.

Celino remarked, "There's an option for that (acquisition). Our direction is to expand. If there's an opportunity we're going to do that," highlighting the hospital's intent to grow its operations.

During the briefing, Biju Mohandas, LeapFrog Investments Partner and Global Lead for Healthcare, emphasized that their investment in GCMC marks their first in the Philippines, driven by anticipated growth opportunities in the domestic economy. "We see tremendous opportunity to build on the good work of GCMC team, expanding specialty care, scaling responsibly, and enhancing patient outcomes," Mohandas added.