Lopez firm takes majority stake in Asian Eye Institute

MANILA, Philippines - Lopez-led First Philippine Holdings Corp. has acquired a majority stake in Asian Eye Institute.

In a disclosure to the Philippine Stock Exchange, FPH said it purchased 149,999 common shares and one founder’s share in AEI for P19.5 million.

“With the purchase, FPH will now own 50.57 percent of AEI, making the latter its subsidiary,” FPH said.

AEI is a world-class eye institute established in 2001.

According to its profile, its serves 60,000 local and foreign patients every year and is “at the forefront of efforts to make breakthrough technologies for eye care treatment available in Asia.”

AEI provides a full range of specialized medical services, delivered in the safety and comfort of modern facilities, and using some of the most advanced technology available in the world.

It has a team of specialists trained at reputable institutions, such as the Harvard Medical School and is assisted by competent medical staff.

AEI’s clinics are located at Rockwell Center, TriNoma, Mall of Asia and Commercenter Alabang, Muntinlupa City.

It also has the Family Vision Center inside the Qualimed Clinic at the UP Town Center, a primary vision care center that offers early disease detection and addresses the different vision needs of individuals based on their lifestyles.

To serve the broader market, AEI launched EyeSite, an ambulatory eye center located inside the Qualimed Surgery Center at Ayala Fairview Terraces and St. Frances Cabrini Medical Center in Sto. Tomas, Batangas.

FPH has investments in power generation, real estate development, manufacturing and construction, financing and other service industries.