About MiCare HealthTech Holdings

MiCare Healthtech Holdings Pte Ltd (“MiCare”) is a regional, leading managed care organization headquartered in Singapore that administers, processes, and manages medical claims on behalf of insurance companies and self-insured corporate clients. The company serves more than 15 million members in Malaysia, Thailand, and the Philippines through its strong relationships with over 45 insurers and 6,500 corporate clients in Southeast Asia. MiCare has an extensive provider network of over 5,000 hospitals, clinics, and pharmacies.

MiCare is a joint venture between Zuellig Group, Mitsui & Co (Asia Pacific) (“Mitsui”), and the International Finance Corporation (“IFC”).

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Zuellig Group

Backed by a century of entrepreneurial experience in the Asia-Pacific region, the privately owned Zuellig Group holds and manages long-term interests in market-leading companies, with a strategic focus on selected business areas: healthcare and pharmaceuticals, specialized distribution services, agricultural equipment, industrial supplies and solutions and property.

Mitsui is a Japanese conglomerate that focuses its business model on growth through trading, business management, and project development. Listed on the Tokyo Stock Exchange with a market capitalization of over US$40 billion, Mitsui brings a regional network of healthcare assets, including strong relationships with providers as well as extensive experience in digital transformation.

IFC , a member of the World Bank Group, is the largest development institution focused on the private sector in emerging markets. IFC has an active portfolio of $2 billion in health care companies in emerging markets. Through these investments, IFC helps private providers meet the soaring demand for health care and supports governments in their goal of reaching Universal Health Coverage by 2030.

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Objective

Making quality healthcare AFFORDABLE and ACCESSIBLE

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Vision

To assist insurers, corporates, employers, and individuals in better managing their healthcare costs accessibility while tackling the rising medical cost and its administrative complexity.

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Mission

We strive to provide an unparalleled experience as the most TRUSTED partner to all stakeholders within the patient centric healthcare ecosystem

Purpose and Values
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Care for one another, and in the delivery of our services to all our stakeholders, especially our members.

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Agility in responding to our stakeholders promptly with innovative and effective services to generate value.

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Reliable partner in delivering our promises to employees, customers, members, suppliers, shareholders, and other partners – with the utmost integrity.

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Entrepreneurial in every aspect of our business to drive positive outcomes with ownership and passion.

Board of Directors
Moses Hee
Moses Hee

Chairman and CEO, MiCare HealthTech

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Tsuyoshi Morita
Tsuyoshi Morita

Non-Executive Director

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Kasigod Jamias
Kasigod Jamias

Non-Executive Director

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Helena Koon
Helena Koon

Non-Executive Director

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Management Team
Moses Hee
Moses Hee

Chairman and CEO, MiCare HealthTech

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Jazmin Yacob
Jazmin Yacob

Vice President, Legal & Compliance

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Jacklyn Loke
Jacklyn Loke

Vice President, Cyber-Security / DPO

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Subroto Banerji
Subroto Banerji

Chief Investment Officer

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Fu Chwan Jye
Fu Chwan Jye

Vice President, Business Operations

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Kevin Hoh
Kevin Hoh

Vice President, Corporate Finance

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Ivan See
Ivan See

Vice President, Business Development

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Alex Lim
Alex Lim

Vice President, Technology

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Milestones
 
2006
Incorporation of MiCare Malaysia

MiCare Malaysia commenced operations in May 2006 under the name, Metronic iCare S/B

2008
First milestone: 10k members

MiCare Malaysia’s membership base reached 10,000 with clients including BSI, Kurnia, Progressive and AIA

 
2013
Acquisition by Zuellig Group

Zuellig Group acquired MiCare Malaysia in May 2013. MiCare Malaysia had 1.1 million members then.

2017
Acquisition of HBC

HBC, the largest medical claims administrator in Thailand, joined the MiCare family, bringing 2.5 million additional members

2019
Greenfield expansion into the Philippines

MiCare expands into the Philippines with over 300,000 members

2020
Universal healthcare and MiCare’s next stage of growth

MiCare entered into the universal healthcare segment with its appointment as the sole third-party medical claims’ administrator for 6 million members in the B40 group of Malaysia’s national health scheme, mySalam MiCare has grown tremendously and has more than 13 million members across 3 countries. During this time, MiCare has attracted several interested strategic and financial investors

2021
Fundraise from IFC and Mitsui

MiCare raised US$60 million from IFC and Mitsui. Zuellig Group continues to hold a majority stake in MiCare.

2022
Incorporation of MiCare HealthTech Holdings Pte Ltd (MHH) Singapore

MHH set up its headquarters and commenced operations in Singapore steering the group's strategic expansion plans