CVC buys majority stake in Philippines hospital business
CVC Capital Partners has acquired a 63.94% stake in Philippines-based hospital operator The Medical City (TMC) following the completion of a tender offer.
Jose Xavier Gonzales, chairman of Professional Services Inc, TMC’s parent company, said in a statement that the investment would result in a PHP 12.7bn (USD 223m) capital infusion. In addition, CVC’s...
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