SEC OKs ACE Medical Center's P1 Billion IPO; Shares Priced at P1,000 Each

ACE Medical Center - Tacloban, Inc.’s maiden offering will be comprised of 228,000 common shares.

After approving the initial public offerings (IPO) of seven Allied Care Experts (ACE) medical centers to be built across the country, the Securities and Exchange Commission (SEC) has given the green light to another ACE medical center to push through with its IPO: ACE Medical Center – Tacloban, Inc. has officially been cleared to proceed with its P1 billion IPO. 

The maiden offering will be comprised of 228,000 common shares priced at P1,000 each. ACE will be offering 36,000 common shares in four tranches that will range from P200,000 to P400,000 for every block of ten shares.

ACE aims to earn P987,880,895 in fresh capital from its IPO, which will be used to cover the expenses of the construction of ACE’s 10-storey healthcare facility in Tacloban. These expenses include: loan payments, medical equipment, working capital, construction, furniture and fixtures, pre-operating expenses, and professional fees of architects and other professionals. 

The IPO is marketed at a niche group of medical specialists and other related professions and interests. Subscribing to ACE shares is a requirement for medical practitioners at ACE Medical Center – Tacloban, and each potential stockholder will be carefully screened.

All shareholders will be privy to certain benefits and privileges, such as discounts on medical and dental services for the investor, his/her spouse, and dependents. These privileges will be made available for investors at medical facilities affiliated with the ACE Group of Hospitals.

The ACE Group of Hospitals currently runs a number of hospitals in the National Capital Region, with plans to expand into other provinces and regions in the country. 


Prior to the Tacloban facility, SEC cleared the IPOs of ACE medical centers to be built in Malolos, Butuan, Dumaguete, General Santos, Bohol, Cebu, and Iloilo.

The last ACE IPO approved by SEC was for its Butuan medical center that also plans to debut its maiden offering at P1 billion with shares also priced at P1,000 apiece.

Another medical unit's maiden offering is currently pending approval with the SEC, namely Metro Pacific Hospital Holdings, Inc., which filed its P6.5 billion IPO in September of this year. Other IPOs pending approval with the SEC include Cal-Comp Technology Philippines, an electronics and robotics manufacturer, and Fruitas Holdings, a food and beverage kiosk operator.

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Anri Ichimura
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