TL/DR –
American healthcare company Bon Secours Mercy Health (BSMH) plans to invest up to $500 million to build a state-of-the-art tertiary hospital in the Philippines and expand its Global Business Services (GBS) operations in Manila to around 1,200 professionals. BSMH’s subsidiaries, Nordic and Bon Secours Mercy Health Philippines, provide IT and back-end support services to the company’s global operations including over 50 hospitals and 1,200 care sites across the US and Ireland. If successful, the investment will constitute one of the largest private-sector healthcare investments by a US-based system in the Philippines.
American health firm, Bon Secours Mercy Health plans major Philippine expansion
US Healthcare company, Bon Secours Mercy Health (BSMH) plans to significantly expand its Global Business Services (GBS) operations in the Philippines, and invest $300-$500 million to build a high-end, state-of-the-art tertiary hospital.
The Philippines’ Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) stated BSMH aims to build its Manila-based GBS team from 170 to 1,200 professionals. BSMH, with subsidiaries Nordic and Bon Secours Mercy Health Philippines, provides IT and back-end support to over 50 hospitals and 1,200 care sites in the US and Ireland, utilizing a workforce of over 60,000.
BSMH’s ambition to transform Philippine healthcare
BSMH’s proposed investment, announced during a meeting with President Ferdinand “Bongbong” Marcos Jr. in Washington, would be one of the largest private sector healthcare investments in the Philippines by a US-based system. BSMH president and CEO, John Starcher expressed pride in expanding their global reach and commitment.
“We’re excited to explore building state-of-the-art healthcare services that provide premium access to Filipinos and our employees. I couldn’t be more positive about bringing new, high-quality healthcare to the Philippines,” Starcher said.
Philippines welcomes BSMH’s proposed investment
“This is a strong vote of confidence in the Philippines and a transformative opportunity for our healthcare and services sectors,” said Special Assistant to the President (SAP) Frederick Go. He added that the proposed investment would generate meaningful jobs and help deliver world-class facilities, cutting-edge medical equipment, and top-quality healthcare for Filipinos.
Go, alongside economic officials, used the Washington visit to negotiate a better tariff deal with the US. US President Donald Trump later announced a reduction in tariff rates for Philippine goods to 19%, down from 20%. Marcos, the first Southeast Asian leader to meet Trump in his second term, described the agreement as a significant achievement.
—
Read More Health & Wellness News ; US News