Loading stock data for MPI & AC...

Note: MPIC was delisted from the PSE on October 9, 2023*

According to Insider, Metro Pacific Investments Corp. has taken over telehealth leader KonsultaMD from the Ayala Group through its subsidiary, Metro Pacific Health Tech Corp. The move will merge KonsultaMD with Metro Pacific’s mWell platform, expanding its reach to millions of new users.

mWell currently serves 3.1 million users across Asia, Africa, and North America, while KonsultaMD has 2.7 million users, boosted by its partnership with Globe Telecom and a strong network of mobile healthcare experts.

Despite healthcare being a core business for Ayala’s AC Health, KonsultaMD was sold as it is owned by 917Ventures, Globe’s investment arm, which strategically buys and sells its portfolio businesses. KonsultaMD began in 2015 as a health hotline and has since grown into a superapp offering 24/7 doctor consultations, diagnostics, medicine delivery, and home care services.

We can guess some reasons for the sale:

  1. Strategic Focus: Ayala might be streamlining its healthcare investments under AC Health, which focuses more on physical healthcare assets like hospitals and clinics, while KonsultaMD is a digital health platform.
  2. Capital Allocation: Selling KonsultaMD could provide Ayala with capital to invest in other core ventures or emerging opportunities within its portfolio.

What do you think?


*MPIC was delisted because a consortium of major shareholders sought to take the company private through a tender offer, allowing for greater strategic flexibility, cost savings, and streamlined ownership. They likely believed MPIC was undervalued on the stock market and saw benefits in executing long-term plans without public investor pressures.

mWell is the Philippines’ first fully integrated, fully digital health and wellness platform
We’re with you in every step of your wellness journey. Get online doctor consultation, and reach your fitness goals with a free health tracker app.
KonsultaMD
No need to leave your home to consult a doctor. KonsultaMD gives you 24/7 access to licensed doctors from your mobile phone. Consult via voice or video call.
917Ventures
917Ventures is the largest corporate venture builder that ideates, launches, accelerates, and scales new business ideas that uplift the lives of Filipinos.
Metro Pacific Health
AC Health
AC Health, a wholly owned subsidiary of Ayala Corporation, aims to build an integrated healthcare ecosystem that improves healthcare for all. Our vision is to make quality healthcare more affordable and accessible.

Share this post
The link has been copied!