The Market Monitor Minding the Nation's Business
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has partnered with medical device distributor Freya to equip and train personnel for its ₱16.83-million Super Health Center in Casiguran, Aurora, which is expected to open this December.
APECO president and CEO Gil Taway IV and Freya managing director Emmanuel Cueto formalized the agreement in Parañaque City on Thursday.
Taway said the deal will generate jobs for residents of Dinalungan, Casiguran, and Dilasag, who will serve as the initial staff. The facility’s first services include x-ray, laboratory tests, ultrasound, and pharmacy.
Under the pact, Freya will initially take a larger share of revenues for about three years to recover costs, before shifting to a 50-50 split and eventually giving APECO a bigger share.
Daily operations will be managed by International Workplace Group (IWG). APECO is preparing the documentary requirements for the Department of Health to secure the center’s license to operate.