PH-based ARQCapital invests in dialysis chain operator Medline

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ARQCapital, a Philippines-based investment firm focused on providing growth capital, announced that it has invested in Medline, a dialysis chain operator and franchising pioneer in the country.

Financial details of the investment were not disclosed. ARQCapital, established in 2014 by Edmund Solilapsi and Abigail Tan, said Medline will use the investment to build new free-standing affordable dialysis centres.

The investment comes on the heels of the rising need for dialysis treatment in the Philippines. According to the National Kidney and Transplant Institute, one citizen every hour — or about 120 Filipinos per million population per year — develop chronic renal failure.

The country’s Department of Health also estimates that the number of cases of kidney diseases is increasing at a rate of 10 to 15 per cent each year.

However, only 2 in 3 patients diagnosed with end-stage renal disease are going through dialysis due to the cost of treatment and the shortage of dialysis centres in the country, ARQCapital said.

Medline was established in 2015 by brothers Alexander and Bong Lim, with the aim of becoming one of the major players in the highly fragmented $300-million Philippines hemodialysis market.

The company has been adding an average of two new franchises every month with plans to add 20 franchises over the coming 12 months in Baguio, Cavite, Laguna, Batangas, Cebu, Davao, and Cagayan de Oro.

The investment bodes well for ARQCapital, whose goal is to address the needs of challenged SMEs in the Philippines. The firm’s investment strategy combines growth capital with customised business assistance to build stronger companies in the Philippines.

Solilapsi, one of the founders, was formerly a consultant for Philippine investments at TAEL Partners, a Southeast Asian growth capital private equity fund. He was also formerly an Associate for the Asia Corporate Finance team of ING Bank in the Philippines, doing M&A advisory work for Philippine corporations.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.