Hospital for Davao

 A P5-billion medical and wellness complex may soon rise on a 10-hectare property south of the city proper with a group of investors already in talks for the project’s plans, an industry group official said.

Carlos Omar A. Vargas, president of the local chapter of the Chamber of Real Estate and Builders Association who is involved in the planning of the project, said the complex will include a medical tower, a hotel, a commercial complex and other related businesses.

Mr. Vargas said the proposal has yet to be finalized, but noted the planned hospital would initially cost about P350 million. Although he declined to identify the investors, Mr. Vargas said many of them are Manila-based who are engaged in the medical profession. 

“We are committed to helping the city become a health and wellness hub of the country,” he told BusinessWorld, pointing out that while there are already tertiary hospitals in the city, there is still a dearth for a wellness complex, which will not only offer basic medical services but other related services as well.

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