Money & Power

The Ayala Group is Investing P2 Billion on a Specialized Cancer Hospital

Its goal is to create a center for "more affordable high-quality cancer care."
IMAGE MEDAL ELEPAÑO, AC HEALTH
Comments

Ayala Corp., through Ayala Healthcare Holdings, Inc. (AC Health), announced plans on Wednesday, May 6, to build a standalone hospital specializing in the treatment of cancer. According to a statement released by AC Health, the Metro Manila facility will have room for 100 beds and will be equipped with state-of-the-art diagnostic equipment, chemotherapy and advanced radiation therapy units, and operating rooms.

A 2009 study published in the British Journal of Cancer found that cancer survival rates for patients living in the Philippines were significantly lower than a U.S. resident’s odds. Five-year survival estimates for Philippines patients with breast cancer, for example, were 31 percent lower than those for American residents. Philippines patients with cervical cancer also had a 21.7 percent lower survival rate, while those with leukemia had a 32.6 percent lower rate.

The researchers concluded that the difference was due to a lack of access to diagnostic and therapeutic facilities in the Philippines, which would explain in part why many Filipinos choose to get their treatment abroad.

In 2015, the Department of Health started on the five-year National Cancer Prevention and Control Action Plan, which sought to improve both the accessibility to, and quality of, cancer treatment in the Philippines. Part of this program’s success stories was the passage of the National Integrated Cancer Control Act in February 2019, which empowered the creation of specialized cancer treatment facilities, among other things. AC Health’s announcement of its two-billion-peso hospital came just a few months after.

“Cancer is now the third leading cause of death in the Philippines and unfortunately, we struggle with poor outcomes. A key pillar of our advocacy is screening and early detection so that we can diagnose patients earlier, and provide them with more affordable high-quality cancer care,” AC Health Chairman Fernando Zobel de Ayala said in a statement released on Facebook.

In March 2019, the Global Cancer Observatory published a fact sheet that presented a clearer picture of the state of cancer in the Philippines. According to numbers from the International Agency for Research on Cancer (IARC) and the World Health Organization (WHO), more than 140,000 new cases of cancer were reported in 2018 alone. Estimates suggest that Filipinos are at a 16.5 percent risk of developing cancer before the age of 75. Among those who develop cancer before that age, there is a 10.38 percent chance of dying from the condition.

The Ayala Group’s new cancer hospital is being developed with some of the country’s leading oncologists, offering hope that the country’s cancer statistics may soon improve.

The facility’s estimated completion date has yet to be announced.

Comments
Recommended Videos
About The Author
Marco Sumayao
Contributing Writer
View Other Articles From Marco
Comments
Latest Stories
 
Share
Six standout new releases of the month-and one old favorite to revisit.
 
Share
Who stands where during such events is determined by what is known as the order of precedence.
 
Share
We get a closer glimpse at what the industrialist was like as a father.
 
Share
Praises pour in for the late, great businessman John Gokongwei Jr., from those who have worked closely with him to employees who had encountered him.
 
Share
This is your chance to help out while shopping for new kicks.
 
Share
After years of rumblings, the beloved show is finally getting a revival on HBO Max.
 
Share
Sotheby's London will offer 12 one-of-a kind Hemmerle pieces, the largest single-owner collection of Hemmerle ever to go on the block.
 
Share
 
Share
 
Share
Liberal politics, Margaret and Tony's messy breakup, and the introduction of Camilla Shand.
Load More Articles
CONNECT WITH US