PHINMA Education Holdings, Inc. (PEHI), the education services subsidiary of PHINMA Corporation, announced Monday that it acquired controlling shares of stock of Rizal College of Laguna, Inc. for P449 million. With this acquisition, its eighth in the Philippines, it has officially entered the Laguna market.
“Making quality education accessible to as many underserved students as possible is the driving force behind PHINMA Education,” says PHINMA Education Philippines Country Head Dr. Raymundo P. Reyes. “We are excited to welcome our Laguna students, who will benefit from being a part of our larger network that already serves 74,000 students in the Philippines alone.”
This news comes at the heels of its acquisition of PHINMA Republican College in Quezon City in December 2019 as part of its Metro Manila network, which also includes PHINMA Saint Jude College. “We are uniquely positioned to create these networks of schools and deliver the same high standard of education across all our campuses,” he said.
Rizal College of Laguna currently offers Junior and Senior High School and undergraduate courses in Education, Business Administration, Office Administration, and Industrial Technology. “Whether we are operating a school in the Philippines or elsewhere in Southeast Asia, we want our graduates to be top-of-mind for employers,” he noted. “Thus we will be offering even more courses suited to the current employment landscape.”
PHINMA Education has an 80 percent average first-time passing rate for licensure exams with some 81 percent of students getting hired a year after graduation. It has had 94 board exam top notchers since its inception in 2004.
“Education and employment, especially after this pandemic, will change radically. But we at PHINMA Education consider this a challenge to improve our Active Learning strategies and prepare our market of underserved students to succeed in the competitive job market. Our first school in Laguna is another step towards making more lives better through education,” Dr. Reyes concluded.
PEHI’s parent company, PHINMA Corporation, is a Filipino-owned conglomerate with investments in education, property development, hospitality, and construction materials. PEHI owns and operates eight schools across the Philippines and manages one in Karawang, West Java, Indonesia.