St. Luke's Medical Center Fort Bonifacio Global City

[grid]

rumors had it that our current President owns it.

Any comments/reactions?

[170kphlang]

well rumors are just rumors, but the thing about rumors, they're often true.

[grid]

kung saka-sakaling totoo ito, aba eh wala na talaga akong masasabi.
Hindi pwedeng itago ito, lalabas at lalabas din iyan.

[Memphis Raines]

It is possible that the Arroyos could be majority stock holders, members of the board, etc.

For all we know, they could own dozens of other companies with their cronies as front.

[AnK]

that's Mike Arroyo's second home. t

[CVT]

Mabuti na lang, hindi kami bumili ng stocks diyan....

9404:vader:

[Altis6453]

Conspiracy theory:

Mike Arroyo needs a hospital so that he can obtain "hospital arrest" from the courts after his wife steps down as President. Hospital arrests are en vogue these days with suspects like road rage killer Jason Ivler, Legacy owner Celso De Los Angeles and Maguindanao massacre suspect Andal Ampatuan, Sr. all being incarcerated in hospital rooms rather than your local city jail.

[vito corleone]

i wouldn't be surprised if it's true. . .now it explains why jocjoc had a room ready for him pagbalik nya dati and "he needed hospitalization"

[Sir Ed]

Hello. I work for St Luke's and became a member of this site just to reply.
St Luke's Medical Center Bonifacio Global City is a non-profit corporation wholly owned by St Luke's Medical Center-Quezon City. The latter in turn is a non-stock, non-profit corporation.

Maybe your parents or grandparents remember this: St. Luke's used to be run by the Episcopal (or Anglican) Church (my mother still refers to it as "the Protestant hospital"). It was established in 1903 by an Episcopal priest, Father Brent--yes, the same Brent as in Brent School. (The Anglicans chose to focus their efforts on parts of the country that weren't yet Christians, namely the Cordilleras and Mindanao, as well as the Chinese; they weren't successful converting the Moros, but were hugely successful up north (that is why Sagada is Anglican) and with many Chinoys--a point I will return to later--as well as Brits and Americans living in the Philippines.

Anway, when the American Episcopals left and turned over everything to Filipinos, funds dwindled until St. Luke's was on the verge of bankruptcy in the mid-1970s. At that point the Episcopalian church was persuaded by its wealthier parishioners to make it an independent, non-stock, non-profit institution but with services priced in the most financially viable way. (Think of Ateneo de Manila.) From then on it became a stable institution, so stable it's been able to build an ultra-modern facility, St Luke's Global City.

How can a non-profit become so rich? Because, aside from pricing its services to reflect what they really cost, all revenue is plowed back into the hospital. Its board of directors do not receive a single centavo (sure, they get free coffee and merienda whenever they visit), and its board members include many wealthy Chinoys and Americans who've settled here--who are members of the small Anglican church in the Philippines.

And, since it's a non-profit, ten percent of its revenue goes to the treatment of indigent patients (in Quezon city). That's a big amount, about 300 M. And indigent patients get the same quality of service as a rich, paying patient.

By the way, in reference to GMA and FG: in order to recoup some of its investment, SLMC has come up with a naming rights program under which corporations and high-income individuals can have facilities in the hospital named after them. GMA and FG were specifically excluded because of their (ahem) controversial reputations.

So, to repeat: who owns St Luke's Global City? St Luke's Quezon City. Who owns St. Luke's Quezon City? To be brief: God does.

[Benji_DCP]

Put an end to those rumors.