STI inks pact with SM for its medical center project

Computer technology school STI has signed an agreement with the SM Group to lease a space in Megamall for its planned medical and wellness center.

STI president and chief executive officer Monico Jacob said the group is investing P100 million for the proposed health and wellness center which will be located in a 2,100 square meter space on the fourth or fifth floor of SM Megamall.

Jacob said the center will provide medical services including diagnostics, lab services, and physical therapy.

The move, he said, is part of the group’s plan to put up satellite clinics all over the country.

STI recently ventured into healthcare services via the acquisition of the De Los Santos Medical Center, now named DLS-STI Medical Center.

It plans to put up a Medical Arts Building and a state-of-the-art operating facility to add to the existing infrastructures of DLS-STI.

Jacob said STI plans to acquire more hospitals to strengthen both its nursing program and the system assuring graduates of jobs.

The buy-in is part of the company’s initiatives to strengthen a scheme which allows STI students to immediately land a job after graduation.

STI has invested more than P100 million in its nursing program. Part of the amount was spent to hire accredited faculty and facilities for its nursing skills laboratories which are designed to stimulate the actual hospital setting in each STI campus offering the nursing program.

Together with PHNS, STI recently acquired a majority stake in Summit Technologies Inc., a local medical transcription company. This is in line with its goal to capture a slice of the promising medical transcription services industry.

Medical transcription refers to the conversion of the medical records dictated by health care professionals into typed documents. These records can be diagnosis, progress reports, chart notes, physicals, histories and even letters.

PHNS is a medical transcription company operating in the United States.