The Securities and Exchange Commission has approved the direct shares sale of Allied Care Experts Medical Center-Zamboanga Inc. of up to P1 billion.
The company doing business as Premier Medical Center Zamboanga is offering 3,600 common shares in blocks of 15 shares each at prices ranging from P150,000 to P400,000.
The company projects netting P997.51 million from the offer which will finance its hospital construction, purchase of medical equipment, payment of loans, as well as the preoperational and operational expenses of the business.
The company is building a 200-bed, 10-story healthcare facility in Barangay Tetuan, Zamboanga City. The hospital is seen completed within the month.
The shares will trade over the counter through the hospital’s internal staff. The intended market is mostly medical specialists and their relatives.
The share sale was filed through the agency’s hospital entrepreneurs or HOPES program which aims to improve the medical industry’s access to capital by streamlining the registration process for share sales financing hospital projects.
