Metro Pacific Health Tech Corp., owner of the health app mWell, is attracting attention from numerous investors, even separate from Metro Pacific Hospitals, its parent company.
June Cheryl Cabal-Revilla, mWell president and CEO, said many investors who were initially interested in Metro Pacific Hospitals also asked to include mWell in discussions. She noted that even investors not connected to the hospital group are considering mWell for potential investment, citing the company’s global recognition at the Global Mobile (GLOMO) Awards.
Currently, mWell is helping digitize the operations of the countey’s largest hospital group, led by businessman Manuel V. Pangilinan. Revilla emphasized that the company is still in talks with investors but has not finalized any deals.
The company is focused on improving operations, particularly the backend systems of mWell and Konsulta MD (KMD), which it acquired last year. Revilla said the goal is to unify doctor and patient platforms, accelerate the original three-year tech plan to 18 months, and phase out underperforming platforms for better cost efficiency.
mWell has also drawn international interest, with some foreign businesses exploring options to “white-label” the platform in their countries, including one in Africa. However, Revilla stressed that backend integration must be completed first to ensure smoother expansion.
She added that the Department of Health sees digital health solutions like mWell as crucial in addressing the country’s low hospital-to-population ratio. mWell’s offerings, including a digital health ID, aim to meet these national healthcare needs.
