Medilines Distributors Incorporated, a leading distributor of medical equipment to public and private healthcare facilities, announced on August 25, 2021 that it is preparing for an initial public offering (IPO) that could take place before the end of the year, subject to regulatory approvals.

Medilines recently appointed PNB Capital and Investment Corporation as the sole issue manger, lead underwriter and sole bookrunner for the company’s intended stock market debut.

“We are excited to work with Medilines in drawing out another opportunity to bring to the capital market an essential and pandemic-resilient business,” said Gerry Valenciano, President of PNB Capital. “We envision this to be the first pure-play healthcare IPO in the Philippines.” 

A pure-play is a company that focuses on only one line of business, unlike a diversified company which has a wide-ranging product line and sources of revenue. Catering to a niche market, pure-plays have easy-to-understand cash flows and revenues.

Medilines is an essential distributor to public and private healthcare facilities across the Philippines of critical, best-in-class equipment from medical device companies such as Siemens, B. Braun and Varian. Their portfolio of products under diagnostics imaging, dialysis, and cancer therapy addresses the medical treatment needs of Filipinos especially in the challenging times brought by the COVID-19 pandemic.

For more information about Medilines: www.medilines.com.ph.

Disclaimer:

Medilines Distributors Incorporated (Medilines) has filed an application for an initial public offering with the Securities and Exchange Commission (SEC) in August 2021.  A preliminary prospectus for the initial public offering of Medilines Distributors Incorporated may be obtained from www.medilines.com.ph, which is subject to completion or amendment without notice. The preliminary prospectus also contains the information required to be stated in any notice, circular, advertisement, letter or other forms of communication that will be published or transmitted to any person after a registration statement has been filed under Rule 8.3.1 of the 2015 Implementing Rules and Regulations of the Securities Regulation Code of the Philippines and which information is incorporated by reference in this communication.

A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR OFFERS TO BUY THEM BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT IS RENDERED EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR BE CONSIDERED A SOLICITATION TO BUY.