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AMG Signs JV for VCMC

AppleOne Properties Inc., a leading real estate developer in the Visayas and Mindanao, through its health care arm AppleOne Medical Group (AMG), has signed into a joint venture with the United Church of Christ in the Philippines (UCCP) to acquire majority share of the the Visayas Community Medical Center (VCMC) in Cebu City.

VCMC was founded by UCCP in 1952 as a response to the medical needs from World War II. Since then, the hospital has stood as a well-regarded institution in Cebu. With an alignment in values and social mission stemming from the joint venture, VCMC will stand as a testament to both institutions’ mutual goal of transforming and uplifting Filipino communities through quality healthcare made accessible.

Bishop Ermegencio Padillo, chairman of VCMC said: “Both VCMC and MAG initiated the likings of a strong partnership, characterized by trust, confidence and high spirits. VCMC saw it fit to partner with a group or institution with high moral and social standing and indeed AMG was the right choice.”

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