Security Bank widens healthcare financing push

Security Bank has entered into a partnership with AC Health subsidiaries I.E. Medica and MedEthix to extend financing support to their nationwide network of dealers and distributors through a dedicated dealer financing program.

In a statement last week, Security Bank said the initiative will provide accredited partners with access to short-term revolving credit lines and inventory financing solutions designed to ease working capital pressures and improve liquidity.

The bank said the program is expected to help dealers and distributors increase purchasing capacity and operate more efficiently amid rising demand in the healthcare sector.

“This partnership reflects our focus on supporting the healthcare sector, which plays a vital role in both the economy and public well-being,” said Security Bank Senior Vice President and Corporate Banking Group Head Yvonne Joanna Marcelo.

“By working with I.E. Medica and MedEthix, we aim to help their dealer and distributor network operate more efficiently, strengthen their businesses, and keep pace with growing demand,” Marcelo added.

The collaboration is also expected to contribute to a more resilient healthcare supply chain by improving access to financing for downstream partners.

I.E. Medica and MedEthix President and CEO Monaliza Salian said the partnership strengthens their shared goal of supporting the healthcare sector through improved financial access.

“Through this strategic collaboration with Security Bank, we reinforce our collective mission to strengthen the healthcare sector by equipping our downstream dealers with reliable financial solutions that fuel their business growth and sustainable nationwide reach,” Salian said.