The deal was cleared by the Philippine Competition Commission after a Phase 1 review. Other details, including the deal value, were not disclosed.
GCMC manages three general hospitals in Laguna and one in Batangas. It also runs a cancer center in Laguna and is building a new healthcare facility in Pangasinan.
GCMC has about 300 beds in its portfolio and plans to “more than double the number of beds within the next three to five years,” according to information on LeapFrog’s website.
Growing provincial footprint
The hospital group was co-founded in 2016 by engineer Ricardo Celino, who is the company’s current chair.
Its facilities, which include Global Care Medical Center of Bay, Global Care Medical Center of Canlubang in Calamba, and Global Medical Center of Laguna in Cabuyao, serve about 340,000 patients annually.
Backers with local and global reach
Navegar is the private equity firm backing local businesses such as Bo’s Coffee, founded by Steve Benitez, and hard discount chain Dali.
In a previous post on LinkedIn, LeapFrog said the deal will help GCMC scale.
“As healthcare demand rises across the Philippines, access outside major cities remains constrained. GCMC addresses this gap by locating modern, well-equipped hospitals in underserved provinces, bringing care closer to where people live and work,” it said.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
