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
Dr Daniel Zuellig
Dr Daniel Zuellig

Group Chairman, MiCare HealthTech

Moses Hee
Moses Hee

Group CEO, MiCare HealthTech

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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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Shinjiro Miya
Shinjiro Miya

Non-Executive Director

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Allen Lueth
Allen Lueth

Non-Executive Director

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Management Team
Moses Hee
Moses Hee

Group Chief Executive Officer

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Subroto Banerji
Subroto Banerji

Group Chief Strategy Officer

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Kenny Chan
Kenny Chan

Group Chief Financial Officer

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Fu Chwan Jye
Fu Chwan Jye

Regional Head, TPA business / Technical Fellow

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Ivan See
Ivan See

Regional Head, Innovative Solutions

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Dr. Elmer Palomata
Dr. Elmer Palomata

Regional Head, HMO Business

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Jazmin Yacob
Jazmin Yacob

Senior Vice President, Legal & Compliance

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Jacklyn Loke
Jacklyn Loke

Group Information Security

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Ellen Hui
Ellen Hui

Vice President, Group Human Resources

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Milestones
 
2006
Incorporation of MiCare

MiCare commenced operations in May 2006 under the name, Metronic iCare Sdn Bhd

2008
First milestone: 10k members

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

 
2013
Acquisition by Zuellig Group

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

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 protection scheme

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.

2023
Best Corporate Healthcare Provider

MiCare secured Gold for Best Corporate Healthcare Provider at the 2023 HR Vendors of the Year Awards

2025
MiCare FITT Team

MiCare launched the MiCare FITT program, a Corporate Wellness Programme organised at client workplaces

2026
Celebrating 20 years

With nearly two decades of experience, MiCare supports over 15 million members through strong partnerships with more than 35 insurers and over 7,000 corporate clients. The company also maintains an extensive provider network of over 5,500 hospitals, clinics, pharmacies, optical, and dental service providers