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Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group - sources


SINGAPORE (Reuters) - Buyout firms KKR, Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp, people with knowledge of the matter told Reuters.

Metro Pacific Investments, which has interests in power, water and other sectors, has said it plans to sell a 40% stake in Metro Pacific Hospitals at a valuation of $2-$2.5 billion, marking the country’s biggest healthcare deal.

The bidders are, however, valuing the hospital unit at about $1.5-$2 billion, pegging the valuation at 15 to 20 times next year’s estimated core ...


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