Project Stories

In recent years, the expansion of the middle class in Southeast Asia has been accompanied by a rise in lifestyle-related diseases and rapidly increasing healthcare costs, creating serious social challenges. In its search for a solution, Mitsubishi Corporation has focused on managed care, a system that effectively manages the delivery and cost of care to help ensure everyone has access to appropriate healthcare at fair prices. As part of this initiative, it invested in Fullerton Health, a leading integrated healthcare solutions provider in Asia Pacific, in 2025. By combining the strengths of both companies, Mitsubishi Corporation aims to expand the business across Southeast Asia while looking toward future opportunities in other regions.

While Japan's universal health insurance system provides reliable access to healthcare at nationally regulated prices, the situation is quite different in many Southeast Asian countries. Public health insurance provides only limited coverage, and the use of private health insurance is expanding rapidly. Because the prices of healthcare services under private insurance are determined by market competition, a system is needed to ensure that people have access to appropriate healthcare at fair prices. At the same time, rising healthcare costs have become a major challenge for companies that offer private health insurance as an employee benefit.

To help address these challenges, Mitsubishi Corporation turned its attention to the "managed care" healthcare model. In 2025, it invested in Fullerton Health, a leading integrated healthcare solutions provider in Asia Pacific.
Managed care is a healthcare model where a managed care provider serves as an intermediary between insurance companies and healthcare providers, coordinating healthcare services and costs. It offers benefits to all stakeholders: companies incur lower healthcare costs; individuals, such as employees covered by employer-sponsored health insurance, gain reliable access to healthcare through the managed care provider's network of partner clinics; and healthcare providers secure a stable flow of patients.

Based in Singapore, Fullerton Health operates healthcare businesses in eight markets. In addition to operating approximately 600 owned clinics, it has a partner network of more than 20,000 healthcare providers. It also offers a broad range of health-related services, including telemedicine, home care, and corporate wellness programs. In June 2026, Fullerton Health expanded its business through the acquisition of AdMedika Group, Indonesia's leading managed care provider.

Mitsubishi Corporation plans to build on Fullerton Health's strengths by combining them with its own expertise in the healthcare field and track record in digital transformation (DX), while also leveraging the broader capabilities of the Mitsubishi Corporation Group in areas such as financial and payment services and health product marketing. In February 2026, Mitsubishi Corporation also entered into a strategic partnership with Intellicare Group, a leading private health insurer in the Philippines and part of the Fullerton Health group of companies, to accelerate synergies between the two companies.

Going forward, the two companies will continue to build on their respective strengths to enhance the value of the business and establish a solid business foundation in Southeast Asia, while working toward providing sustainable healthcare services that are safe and reliable.