Milbank LLP advised AC Health on its strategic investment from ABC Impact, the Singapore-based impact investor backed by Temasek Trust and Temasek. Under the agreement, ABC Impact will infuse primary capital for an approximate 16% minority stake in AC Health, marking ABC Impact's first direct entry into the Philippine healthcare sector.
AC Health is the healthcare arm of Ayala Corporation, one of the Philippines' oldest and largest conglomerates. The fresh capital will fuel AC Health's expansion across its core pillars of hospitals, multi-specialty clinics and retail pharmacies through a combination of organic initiatives and targeted acquisitions. By 2027, AC Health aims to expand its network to at least 10 hospitals, 300 clinics and 1,150 pharmacies.
The Hong Kong-based Milbank deal team was led by partners Andrew Whan and Paul Pery and included associates Charmaine Yeo, Joyce Chin and Ben Hewett.
