Japan’s Mitsubishi Corp. has acquired a strategic minority stake in Fullerton Health Pte. Ltd., a healthcare solutions provider operating in nine markets across the Asia-Pacific region, including the Philippines.
The partnership, which follows a series of minority investments, will help Fullerton Health expand in its key markets of Singapore, Indonesia and the Philippines, while also pursuing new markets across the region.
Fullerton Health said in a statement the investment would enable greater shareholder alignment and accelerate its vision for integrated, digitally-enabled care and service.
The company said it plans to use its existing footprint along with its digital and AI capabilities to launch regional and local solutions on a single integrated platform.
“This partnership reflects strong alignment between Mitsubishi Corporation and our existing shareholders on the long-term value and industry leadership potential of Fullerton Health,” said Ho Kuen Loon, group chief executive and non-executive director at Fullerton Health.
BofA Securities was the sole financial advisor to Fullerton Health.
Fullerton Health was established in 2010 and operates nearly 500 clinics with a network of over 18,000 providers. It supports the entire care journey – from managed care and network management to primary care, diagnostics, specialty and ancillary services.
