Mitsubishi makes minority stake in Fullerton Health

The group plans to use the investment to expand in existing markets and enter new ones.

Mitsubishi Corporation has acquired a strategic minority stake in Fullerton Health Pte. Ltd., Fullerton Health said in a press release.

According to Fullerton Health, the investment, which concludes a series of minority investments including that of Far East Drug’s, aims to propel the company to continued expansion in existing markets – particularly in Singapore, Indonesia and the Philippines where its presence is strongest – whilst actively pursuing strategic entry into new ones across the region.

“We are well-positioned to achieve our aim to positively impact 10 million lives in the coming years. We will do this by scaling sustainably, strengthening our market leadership, and delivering greater value to all our stakeholders,” Ho Kuen Loon, group CEO and executive director of Fullerton Health, said.

BofA Securities acted as the sole financial advisor to Fullerton Health.