State-run and private banks are set to finance the completion of the former Ospital ng Makati Building 2 under a public-private partnership scheme.
The agreement is for a P5-billion syndicated loan facility under the PPP scheme. Under the agreement, DBP will extend P2.5 billion in loans to LNI, followed by Landbank with P2 billion, and UnionBank with P500 million. “As we move forward, we will strive to build and operate a hospital that will remain true to the principle of sustainable delivery of innovative and inclusive healthcare solutions. Makati Life is going to be a holistic healthcare facility,” Dr. Dennis Sta. Ana, president of LNI, said.
Makati Life is set to start partial commercial operations with the opening of a 24/7 primary and urgent care facility within the first half of 2022 and start in-patient services with the first 100 beds towards the end of the year.
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