Mitsubishi Corporation acquires minority stake in Fullerton Health

Mitsubishi Corporation has acquired a strategic minority stake in Fullerton Health Pte. Ltd., which has presence in nine markets including the Philippines, the healthcare solutions provider announced Tuesday.

According to Fullerton Health, the latest acquisition—which had BofA Securities as the sole financial adviser—concludes a series of minority investments including that of Far East Drug’s.

It did not provide the transaction price and how big a stake Mitsubishi would be acquiring.

The company said Mitubishi’s investment will propel its continued expansion in existing markets, particularly in Singapore, Indonesia, and the Philippines, where its presence is the strongest, while pursuing entry into new ones across the region.

Located in the Bonifacio Global City in Taguig, Fullerton Health’s Philippine operations offers diagnostic, specialty, chronic, and ancillary care through its vertical integrated healthcare services model.

“With a shared commitment to impact and innovation, we are well positioned to achieve our aim to positively impact 10 million lives in coming years,” Fullerton Health Group chief executive officer and executive director Ho Kuen Loon said in an emailed statement.

“We will do this by scaling sustainably, strengthening our market leadership, and delivering greater value to all out stakeholders,” he added. — Jon Viktor D. Cabuenas/BM, GMA Integrated News