Press Release
23 October 2012
The Modernization of the Philippine Orthopedic Center (MPOC), the country’s first health project under its public-private partnership program will be showcased at the ADB-lead event “PPPs in Health Manila 2012” to be held from October 23-25 at the ADB Headquarters in Mandaluyong City.
The MPOC will be featured in a parallel session as an investment forum that will provide participants with an overview of the project undertaken using the PPP scheme. The Department of Health Center and the Public-Private Partnership Center organized the by-invitation only forum for Excellence for PPPs in Health to be held on October 25.
DOH Secretary Enrique Ona and PPP Center Executive Director Cosette V. Canilao will both open the Forum with DOH Undersecretary Teodoro Herbosa giving participants an overview of the MPOC. This will be followed by an open forum to with Secretary Ona, Undersecretary Herbosa, PPP Center Executive Director Canilao, POC Medical Director Luisito Maaño as panelist of the Forum.
The MPOC project is a recipient of the PPP Center’s Project Development and Monitoring Fund (PDMF) which provides implementing agencies like the DOH access to transaction advisers who will undertake the project’s feasibility study.
The 135.5 Million USD modernization project involves the construction of a 700-bed capacity super-specialty tertiary orthopedic hospital that will be located within the National Kidney and Transplant institute Compound in Quezon City. The private sector partner of the proposed MPOC will design, build, finance, operate and maintain the facility for a period of 25 years, when the concessionaire period ends. The facility will then be transferred to the DOH. The MPOC aims to offer comprehensive health services for the prevention and treatment of joint and bone disease.
