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Zuellig Pharma

International Finance Corporation and Mitsui to invest c.US$60 million in Singapore-based MiCare Health Technologies

May 30, 2021

Tech News

MiCare HealthTEC Holdings, Mitsui, Zuellig Pharma

Mark Ko

MiCare HealthTEC Holdings Pte Ltd, a subsidiary of Zuellig Pharma and a leading medical claims administrator in the region, has announced that the International Finance Corporation (IFC), a member of the World Bank Group, and Mitsui & Co. (Asia Pacific) Pte. Ltd. (“Mitsui”), a subsidiary of Mitsui & Co, will be investing c.US$60 million in the company. Zuellig Pharma will remain as MiCare’s largest shareholder and MiCare will continue to be led by its Founder and Group CEO, Moses Hee. The strategic investment will be used to fund MiCare’s expansion in…