MPIC’s mWell attracts potential investors

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April 10, 2026 | 12:00am

MANILA, Philippines — Metro Pacific Investments Corp. (MPIC)’s digital health care arm mWell is attracting strong interest from potential investors as the company continues to advance its position in the country’s digital health space.

“A lot of investors have really been looking at mWell. They were saying, we want to invest in MPH (Metro Pacific Health), but we want you to throw in mWell as well,” mWell president and CEO and MPIC chief finance, risk and sustainability officer Chaye Cabal-Revilla said.

“Even the non-MPH investors, they also look at mWell as a separate entity for possible investment because they like what we do. Especially since we were recognized on the global stage – which is not easy,” she said.

The country’s fully integrated health and wellness mega app recently won the GLOMO Award for Best Mobile Innovation Supporting Emergency or Humanitarian Situations under the Tech4Good Category at the Mobile World Congress 2026 in Barcelona, Spain.

The award makes it the first Philippine healthtech app to win in the category.

Cabal-Revilla said mWell is talking to interested investors, but noted that it “has not said yes to anybody.”

“Because what we’re trying to do now is we’re focused on fixing the operations, particularly the backend of KMD (KonsultaMD) and mWell. As you recall, we acquired KMD in May last year, and we have different platforms. We’re trying to optimize them and kill some of the non-performing ones to be cost efficient so when you look at KMD and mWell from an entry standpoint, there’s efficiency at the backend because we are looking at the same doctor’s platform, the same patient platform,” Cabal-Revilla said.

“Originally, our tech guys said it would take three years. We said no – we’ll do it in a year and a half. We’re crossing one year now, by May, so we’re in line with our target to make it quicker,” she said.

The strategic acquisition of KMD reinforced mWell’s position as the largest and leading digital health care ecosystem in the Philippines by significantly expanding its reach and capabilities.

“We’re actually talking to technical partners also now. But it’s also nice to share that we’ve been approached by businesses outside the country and asking to white-label mWell in their countries. It means they’re looking at mWell as a possible solution. But before we do that, we want to finish first our backend integration to make it faster,” Cabal-Revilla said.

In terms of its financial performance, Cabal-Revilla said mWell is looking to break-even this year.

“We were already okay last year for mWell, without KMD. With KMD, because of the costs, there was still a loss – but it’s not significant. I think it’s less than P50 million for the full year last year, including KMD’s full-year losses. So we should be okay,” she said.

The company is continuously pursuing more initiatives to help boost access to health care in far-flung barangays and island communities.

At present, more than 3,700 doctors across over 48 specializations are accessible through the mWell ecosystem.

To make quality care easier to reach for all, mWell continues to work with government and community partners.