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Manila Bulletin devider Business devider Banking & Finance devider Japan's Mitsubishi eyes growth in Philippine HMO sector via new deal

Japan's Mitsubishi eyes growth in Philippine HMO sector via new deal

Published Feb 25, 2026 03:42 pm
[L-R] Aventus Medical Care, Inc. Vice President, Dr. Sally Gaspar; Mitsubishi Corporation Manila Branch General Manager, Harutaka Ishikawa; Mitsubishi Corporation General Manager of Healthcare Department, Yutaka Suzuki; Asalus Corporation (Intellicare) President, Jeremy Matti; The Intellicare Group Chairman, Mario Silos; and Avega Managed Care, Inc. Senior Vice President, Chief Operating Officer, Jerico Dela Cruz
[L-R] Aventus Medical Care, Inc. Vice President, Dr. Sally Gaspar; Mitsubishi Corporation Manila Branch General Manager, Harutaka Ishikawa; Mitsubishi Corporation General Manager of Healthcare Department, Yutaka Suzuki; Asalus Corporation (Intellicare) President, Jeremy Matti; The Intellicare Group Chairman, Mario Silos; and Avega Managed Care, Inc. Senior Vice President, Chief Operating Officer, Jerico Dela Cruz
The Intellicare Group has solidified a partnership with Mitsubishi Corp. to scale healthcare services and digital innovation in the country, marking a rare cross-border alliance in the domestic health maintenance organization sector.
The collaboration, formalized through a recent memorandum of understanding, follows an investment by the Japanese conglomerate into Fullerton Health, the parent entity of Intellicare.
The agreement was signed by top executives including Asalus Corp. (Intellicare) President Jeremy G. Matti and Mitsubishi Corp. Healthcare Department General Manager Yutaka Suzuki.
The tie-up positions Intellicare and its affiliate, Avega Managed Care Inc., as the only HMOs in the Philippines currently backed by the global network of a major Japanese “sogo shosha.”
By integrating Mitsubishi’s technological infrastructure with Intellicare’s local footprint, the entities aim to deploy data-driven solutions to a market grappling with rising medical inflation and fragmented care delivery.
Matti said the partnership marks a new chapter for the group, noting that the synergy is expected to yield fruit through initiatives that expand the reach of their healthcare delivery to more corporate clients and individual members.
The roadmap for the partnership includes the rollout of comprehensive HMO solutions, third-party administration, and clinic-based services.
A primary focus will be the development of customized healthcare structures specifically designed for the hundreds of Japanese enterprises operating within the Philippines, which often require specialized health protocols and administrative standards.
Mitsubishi Corp. intends to apply healthcare intelligence derived from the Japanese market to assist the Philippine group in cost optimization and service integration. The Tokyo-based firm will also provide access to its broader medical networks and health technologies to bolster the operational efficiency of Intellicare’s provider network.
Suzuki said the company is dedicated to building a data-driven platform that enables more effective and intelligent management of medical costs, which is critical for a sustainable healthcare ecosystem.
Intellicare Group Chairman Mario M. Silos said that the mutual trust between the two organizations would serve as the foundation for long-term impact on the Philippine healthcare landscape.
The group remains committed to its “Ripple of Care” philosophy, which posits that corporate investment in employee health serves as a catalyst for broader national productivity and economic stability.
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