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$100M medical facility to rise in Makati

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$100M medical facility to rise in Makati


Philippine Daily Inquirer
First Posted 21:57:00 10/06/2010


MANILA, Philippines—General Electric, the fifth largest company in the United States, through its healthcare subsidiary, GE Healthcare, has partnered with leading real estate developer Century Properties for the establishment of a $100-million outpatient medical-IT building in Makati City.

The project will rise in a one-hectare IT park accredited by the Philippine Economic Zone Authority at the 3.4-hectare Century City, the firm’s flagship mixed-use development on Kalayaan Avenue, Makati. The project is expected to generate 3,000 jobs during its construction and 5,000 jobs upon the start of operations in late 2013 or early 2014.

The project is envisioned to have the latest technology and equipment that will enable doctors to practice their disciplines with great ease, as well as provide fast and convenient services to local patients and medical tourists.

The building will house clinics of doctors specializing in various disciplines of medicine; floors devoted to diagnostic equipment and services; rooms for aesthetic procedures; post-recovery suites; cafes and restaurants; and spaces for other service providers in health, wellness and preventive medicine.

The GE and Century Properties partnership was marked by the signing of a memorandum of understanding (MOU) on Sept. 23 at the Sofitel Hotel in New York City.

Present at the signing were GE Technology Infrastructure Vice Chairman and CEO John Rice and GE Vice President and Senior Counsel Karan Bhatia with Century Properties Chairman Jose E.B. Antonio, President Benigno Aquino III, Finance Secretary Cesar V. Purisima and Energy Secretary Jose Rene D. Almendras.

The signing took place during Aquino’s trip to the United States to attend the United Nations General Assembly and Philippine roadshow for business to attract foreign investors to the Philippines.

GE expressed optimism and confidence in the Philippines and its growing medical tourism industry.

“We are optimistic that this assistance of providing advanced medical equipment, best practices and technological solutions will not only boost medical tourism
in the Philippines, but also improve the standards of outpatient medical services in the country and make this accessible to more people,” GE Technology Infrastructure’s Rice said.

“It is a privilege to work with GE Healthcare for this project in the interest of promoting the Philippines as a top medical tourism destination with globally competitive standards for outpatient medical services. By providing the right venue with the right technology and systems, doctors may now put up clinics and provide the best care possible for people the world over,” added Century Properties CEO Jose E.B. Antonio.