Published April 16, 2021, 5:00 AM
The Development Bank of the Philippines (DBP) granted a P1.275-billion loan to Allied Care Experts (ACE) Medical Group to improve their hospitals in Northeast and Central Luzon.
ACE will spend P655-million to build a 101-bed five-storey Level 2 hospital building and acquire various medical equipment for its medical center in Tuguegarao, according to DBP President and Chief Executive Officer Emmanuel G. Herbosa.
“The remaining P620-million will be spent for the partial construction of a 103-bed seven-storey Level 2 hospital building for San Jose del Monte – Muzon Medical Center in Bulacan,” he noted.
Present during the loan signing were (seated from left) DBP Senior Vice President Catherine T. Camarao; San Jose del Monte – Muzon Medical Center, Inc. President Dr. Diosdado M. Bartolo, Jr.; ACE Medical Center – Tuguegarao, Inc. Founder Dr. Carlos Fernando; DBP Executive Vice President Jose Gabino D. Dimayuga; ACE Medical Center Chairman Dr