LANDBANK lends Php 899 Million for hospital project in Mindoro

Friday, September 28, 2018

Mindoro Medical Center-Calapan, Inc. (MMCCI) Chairman Dr. Roberto De Leon and LANDBANK First Vice President Lucila Tesorero seal the P899-million loan agreement for in the construction of MMCCI’s hospital building and acquisition of hospital equipment. They are joined by (from Left to Right) MMCCI’s Corporate Secretary Dr. John Jerlyn Cruz; Head of Human Resources Mr. Aristeo Panaligan; Vice President Dr. Jane Cleoge-Panaligan; President Dr. Arthur Rico Villafuerte; and LANDBANK’s Oriental Mindoro Lending Center Head, Manager Edwin Roel Ramos. 


LANDBANK recently signed a Php899-million loan agreement with Mindoro Medical Center-Calapan, Inc. (MMCCI) to finance the construction of two new six-storey hospital buildings and the purchase of state-of-the-art hospital equipment.

The hospital will cater to the medical needs of the residents of Mindoro and other neighbouring provinces, partially addressing the present gap in bed-to-patient ratio of 1:370 and 1:210 in Oriental and Occidental Mindoro, respectively.

The MMCCI hospital will have a 200-bed capacity and shall be equipped with services that will qualify the institution to a Level II category.

The hospital will be strategically located along the National Highway, Barangay Masipit, Calapan City, Oriental Mindoro. The rest of the loan will help finance the purchase of advanced medical technology so that the hospital can be at par with Metro Manila’s hospitals.

MMCCI was founded by 50 medical doctors with different specializations and seven non-medical shareholders with expertise in the fields of business, law, and architecture.