SINGAPORE, Sept 24 - KKR & Co ( KKR ) and Singaporean

sovereign wealth fund GIC have appointed Bank of America ( BAC )

, Jefferies and UBS to sell their

majority stake in the Philippines' Metro Pacific Health in a

deal that could value the company at $3.2 billion, three people

with knowledge of the matter said.

A sale process could start as early as the fourth quarter of

this year, or the first quarter of 2025, one of the people said.

Global investment firm KKR and GIC together hold 80% stake

in Metro Pacific Health, Philippine's largest private healthcare

group, the source said.

Philippines' infrastructure group Metro Pacific Investments

Corp ( MPCFF ) owns the remaining 20% stake in Metro Pacific

Health, according to the former company's website.

Bank of America ( BAC ), UBS, GIC and KKR declined to comment.

Jefferies, Metro Pacific Health and Metro Pacific Investments

Corp ( MPCFF ) did not respond to immediate requests for comment.

Founded in 2007, Metro Pacific Health runs 24 hospitals

including Makati Medical Center and Davao Doctors Hospital,

according to its website.

It also has 31 outpatient care centers, six cancer care

centers, two allied health colleges and a centralized

laboratory, its website showed.

KKR and GIC first invested in Metro Pacific Health in 2019

for a total of $680 million, according to statements at that

time.