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DBP extends loan to Ilocandia Medical Group


The Development Bank of the Philippines (DBP) has granted a 10-year term loan to the Ilocandia Medical Group, Inc. (IMGI), with an aggregate amount of P135.65-million, as part of efforts to improve the delivery of health care services in the province.

Proceeds from the loan will be used to finance construction of an additional hospital building and the purchase of machineries and equipment of Northside Doctors Hospital (NDH), a 100-bed Level 2 health care facility located in Bantay, Ilocos Sur.

The health requirements of the Province of Ilocos Sur’s population of 658,587 is presently being served by 20 private and 9 government hospitals with an aggregate bed capacity of only 769.  Thus the existing bed to population ratio is 1:856 against the standard hospital bed ratio as per the World Health Organization of 1:500.  The presence of NDH has already improved bed-to-population ratio from 1:856 to 1:757.

The unveiling of the hospital building marker was attended by IMGI assistant treasurer Dr. Max Geronimo T. Butardo, IMGI president Dr. Leslie V. Rafanan, IMGI medical director Dr. Rosita P. Rialubin, DBP senior vice president Lutgarda Baquiran-Peralta, DOH assistant secretary Nicolas B. Lutero III, IMGI director Dr. Enrique Pocholo DG Baquiran, IMGI vice president Dr. Niño R. Realin, IMGI treasurer Dr. Melquiades T. Rosario, and San Ildefonso mayor Mark Anthony A. Purisima.