Philippines – Metro Pacific Investments Corporation (MPIC)’s digital healthcare arm mWell is set to acquire Ayala Group’s telehealth provider KonsultaMD. According to Manila Bulletin, the acquisition is for 100% of KonsultaMD, with its cost remaining undisclosed.
According to mWell, the acquisition reinforces its position as the largest digital healthcare platform in the Philippines.
While KonsultaMD is set to operate under mWell, the telehealth provider will keep its brand, allowing its users to access key healthcare services. With a unified platform, MPIC expands its existing network, tapping into KonsultaMD’s significant user base and expertise.
Meanwhile, Ayala Group plans to continue supporting mWell and KonsultaMD after the acquisition.
KonsultaMD is a telehealth app under 917Ventures, a subsidiary of Globe. mWell is also a health app with millions of users.
