Singapore-based investor ABC Impact has finalized its acquisition of a 16 percent stake in AC Health, the healthcare unit of Ayala Corp., the companies announced Monday.

ABC Impact subscribed to 121.089 million common shares and 208.275 million redeemable preferred shares of AC Health. This initial investment represents a 16 percent economic stake and marks ABC Impact’s first entry into the Philippine healthcare sector.

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Backed by Temasek Trust and Temasek, ABC Impact’s investment will provide primary capital to support AC Health’s expansion.

AC Health, which aims to create an integrated healthcare ecosystem, plans to use the new funds to expand its network of hospitals, clinics, and pharmacies. The company’s goal is to grow to at least 10 hospitals, 300 clinics, and 1,150 pharmacies by 2027.

Ayala Corp. stated that the transaction “is aligned with AC Health’s vision of transforming healthcare for every Filipino, by building a seamless and integrated healthcare ecosystem.”

The partnership will allow AC Health to leverage ABC Impact’s regional expertise and network. The Singaporean firm has existing healthcare investments in India, China, and Vietnam. The deal also strengthens the long-standing relationship between the Ayala Group and the Temasek ecosystem.

Last month, AC Health, through its pharmaceutical arm AC Health Pharma, also entered a strategic partnership with Japan’s Sugi Holdings.

Sugi Holdings is one of Asia’s largest pharmacy groups, with about 2,300 stores across Japan under the Sugi Pharmacy brand.

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