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Professional Services Inc. , the parent company of The Medical City, has announced the completion of a Mandatory Tender Offer on Sept. 20 by Universal Healthcare Services Pte. Ltd. and Kambal Health Services Pte Ltd , affiliates of CVC Capital Partners.
CVC Capital Partners is a leading global private markets manager focused on private equity, secondaries and credit, with $140 billion in assets under management. Chairman Jose Xavier Gonzales, from lead Philippine shareholder Fountel Corporation, welcomed the CVC investment, saying: “More than the capital infusion of Php12.7 billion, CVC’s global health care partnerships will facilitate TMC’s own aspirations to move the needle globally in precision medicine, while elevating Filipino health care practice as a true patient partner.”
According to Gonzales, “A joint foundation has been established in his name in partnership with his other legacy institution, the Ateneo School of Medicine and Public Health, to drive much-needed health policy reform and leadership development at the national and local government levels.”
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