Abraaj was the sole institutional investor in DMMC when it bought into the business in September 2010, although the Mercado family retained a stake.
It exited its investment through a buy-back arrangement with the Mercado family.
The firm’s backing of a new ambulatory and surgical outpatient facility saw it increase its outpatient numbers by almost 20 per cent according to a census in 2012.
Abraaj also brought in a new CFO and said it enhanced the ESG credentials of the business.
The firm’s country head for the Philippines, Danny Lizares, said, “This was an attractive investment opportunity for us to make in a growing sector where demand for beds far outweighed supply, with the potential to support a highly experienced management team and scale a well-established, multi-credited hospital.
“We succeeded in our aim to further facilitate the provision of quality healthcare for the mass market, offering state-of-the-art medical services at competitive prices.”
The firm currently has two other investments in The Philippines in fast food business Pancake House and beauty and personal care product retailer HBC.
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