AC Health, the Ayala Group’s health care arm, is in tip-top shape for another record run this year following a banner 2025.
Despite uncertainties brought about by the ongoing Middle East crisis, AC Health president and CEO Paolo Borromeo told The STAR that the company is seeing no signs of slowing down, with its topline seen growing between 25 percent and 30 percent this year.
AC Health’s bottomline, meanwhile, is expected to see a faster expansion at between 30 and 35 percent for 2026, according to Borromeo.
He said that the company’s first quarter performance has shown solid numbers.
‘I feel like AC Health is going to be resilient,’ Borromeo said.
‘We already broke our target for clinics. And then we have a strong pipeline of hospitals to acquire,’ he said.
After registering losses over several years, AC Health booked a net income of P34 million in 2025, a reversal from the P607 million net loss incurred in 2024, fueled by the strength of its provider group, absence of KMD losses and a gain from the sale of KMD.
Its earnings before interest, taxes, depreciation and amortization more than doubled year-on-year to P1.5 billion.
Revenues from the provider group, consisting of hospitals and clinics, surged by 71 percent on higher patient census, increased average spend per patient and more corporate clinic accounts.
Meanwhile, revenue from the pharma group was flat as growth in retail was offset by lower distribution revenues.
AC Health, with its integrated ecosystem, is improving access to quality medical care in the country.
Established in 2015, it has rapidly grown into one of the country’s most dynamic and integrated health care networks.
Its portfolio includes Healthway Medical Network, a network of multi-specialty clinics, ambulatory centers and full-service hospitals; Generika Drugstore, the pioneer in generic retail pharmacies; IE Medica and MedEthix, a major pharmaceutical importer and distributor and St. Joseph Drug, a leading retail pharmacy in North and Central Luzon.
In October last year, the company acquired a 60-percent stake in Cebu Velez General Hospital, a 200-bed tertiary hospital in Cebu City.
AC Health bared last year plans to expand its network to at least 10 hospitals, 300 clinics and 1,150 pharmacies by 2027.
Aside from aggressively expanding its network over a three-year period, the company also aims to become a $2-billion health care company by 2035.