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Economy

Company in focus: Philippines' Ayala comes full circle with its push into health care

Family conglomerate sees pharmacist ancestor's footsteps leading to big things

Ayala Corp. owns half of Generika, a 90% franchised pharmacy chain, and wants to lift the proportion of company-owned outlets to 33% by 2020.

MANILA Before Ayala Corp. became an investment powerhouse, the 183-year-old group ran a drugstore as one of its first businesses. Now, as it accelerates its diversification efforts, the oldest Philippine conglomerate is going back to those origins by offering comprehensive health care services to Filipinos.

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