MANILA - The head of the health unit of Ayala Corp said Wednesday they see growth opportunities with the Universal Healthcare (UHC) Bill.
AC Health CEO Paolo Borromeo said the company is "very excited" about the UHC Bill because it aligns with the firm's goal to "bring healthcare to everybody."
The Bill, which seeks to provide all Filipino families free medical attention, was approved by a bicameral conference committee in November last year.
Under the bill, all Filipino families will be covered by the Philippine Health Insurance Corporation (PhilHealth).
AC Health operates a chain of healthcare clinics under the FamilyDOC brand as well as generic drugstores under the Generika brand.
"We're looking forward to it (UHC Bill) because the bill, if I'm not mistaken, requires every Filipino basically to have a primary care provider," Borromeo said in an interview with ANC's The Boss.
"The advocacy behind FamilyDOC is primary care for everyone," he added.
Once signed into law, the bill would expand PhilHealth coverage, which will include free medical checkups, laboratory tests, and other diagnostic services.
Borromeo said AC Health is looking to double the number of FamilyDOC clinics to around 100 branches and grow the number of Generika stores to 1000 by 2020.
Last year, AC Health bought 75 percent of regional drugstore chain Negros Grace Pharmacy.