EDUCATION and healthcare company STI is planning to acquire two more hospitals and a school as part of its P1.5-billion expansion program. 

In an interview, company president Monico Jacob said they are now in talks to buy hospitals located in Davao and the Calabarzon (Cavite-Laguna-Batangas-Rizal-Quezon) area. Without mentioning the names of the hospitals, he said the two will add an additional170 beds to its system.

“Discussions are ongoing. Hopefully, we can finalize something and complete the acquisition by 2009,” he said.

The company currently maintains 257 hospital beds via Delos Santos-STI Medical Center and Dr. Fe del Mundo Medical Center—both located in Metro Manila.  

STI has also initiated negotiations to purchase a Manila-based college that specializes in engineering courses. Jacob said their target is complete the deal within the year.

“We are going for a 100-percent acquisition,” he said, adding that engineering is a good addition to the courses that STI currently offers, which include education, information technology, nursing and hotel and restaurant management.

Jacob also noted the rising demand for engineers in countries like the Middle East, the US and Europe. STI graduates are honed and given the opportunity to work abroad through the company’s Philippine Overseas Employment Administration -accredited placement agencies, GROW and Parman.

STI is also completing this year its P250-million academic center in the Bonifacio Global City in Taguig.

The 2,632-square-meter property is leased from the Bases Conversion Development Authority for 25 years. The eight-story STI Academic Center will house a research and development center, amphitheater, state-of-the-art gymnasium, and highly advanced information technology, healthcare, business and hotel and restaurant management facilities for students.

The facility will form part of STI’s expansion program, which also includes the recent establishment of the Delos Santos-STI Megaclinic in SM Megamall, investments in Delos Santos-STI Medical center and the ongoing expansion of STI campuses through acquisition of properties in various areas all over the country.

SOUTHEAST Asian Airlines (Seair) will take delivery of two Airbus A320 aircraft in October for its plant to start servicing new regional and local routes before the year ends.

STI sets expansion plan, buys 2 hospitals, 1 school

EDUCATION and healthcare company STI is planning to acquire two more hospitals and a school as part of its P1.5-billion expansion program. 

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