Ayala Healthcare Holdings (AC Health), a wholly-owned subsidiary of Philippines-based Ayala Corporation, a conglomerate with multiple business interest in real estate, banking, telecom, etc., has made an investment in AIDE, a startup delivering healthcare services at patients’ doorsteps.
The transaction details were not disclosed.
AC Health President and CEO Paolo Borromeo said that AIDE’s model is in line with the company’s vision to improve access to affordable and quality healthcare services for more Filipinos.
“Aside from developing our own technology solutions, we are also on the lookout for emerging startups and entrepreneurs who can disrupt the healthcare industry. AIDE is an excellent platform to connect patients with health providers, and we think home health will be one of the next game changers,” he said.
Based in Metro Manila, AIDE was founded by three siblings — Paolo, Pamela and Patrick Bugayong. Through the AIDE app, patients can book doctors, nurses, and other medical professionals to render healthcare services in their homes. Services include medical consultations, nursing care, physical therapy, caregiving, lab extraction and interpretation, and even veterinary care.
AIDE’s chief executive Paolo Bugayong said: “Our goal is to serve both patients and medical professionals. For patients, we offer convenient home health care booking, while for medical professionals, we are offering an innovate cost-effective avenue for their services. We aim to provide healthcare solutions amidst traffic and long lines, without needing brick and mortar.”
Established in June 2015, AC Health aims to improve the delivery of healthcare in the Philippines by providing access to affordable, quality, generic medicines through Generika Drugstores, and bringing primary care closer to communities through FamilyDOC Clinics.
In February 2017, AC Health invested in an FDA-licensed online pharmacy, MedGrocer, which offers medicine delivery and corporate medicine benefits management.
Earlier this year, AC Health established its health technology arm called Vigos, which develops its own products, such as an electronic medical records and clinic information system (Vigos EMR), which is being used across all FamilyDOC clinics. Vigos also launched Vigos CARE, an integrated corporate health solutions provider allowing companies and employees to maximize their health benefits.
“We believe AIDE is complementary to our other investments as it helps us extend our reach beyond our retail clinics and pharmacies. We hope to expand our health technology portfolio further because it is both an enabler and integrator of the healthcare ecosystem that we are building at AC Health,” said AC Health’s Chief Digital Officer, Christian Besler.