MICARE HEALTHTECH HOLDINGS (PTE. LTD.) Business Review
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about MICARE HEALTHTECH HOLDINGS (PTE. LTD.)'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
- No positive highlights identified
Negative highlights
- Is relatively new
- No employer brand presence on career platforms
- May not have contact information online
- No official business profile found on major search engines
Corporate Information
MICARE HEALTHTEC HOLDINGS
64202
Other holding companies
Other activities auxiliary to insurance and pension funding n.e.c. (e.g. activities of actuaries)
Contact Information for MICARE HEALTHTECH HOLDINGS (PTE. LTD.)
MICARE HEALTHTECH HOLDINGS (PTE. LTD.)'s Business Reviews
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Public Preview of MICARE HEALTHTECH HOLDINGS (PTE. LTD.)
This is only a preview of the TrustScore results for MICARE HEALTHTECH HOLDINGS (PTE. LTD.), showcasing a few facets of its business that we have analysed.
Established Stage
A established brand is one that has achieved a strong, recognisable presence in its market or industry. These brands are well-known, trusted and often considered as key brands in their space. They have a significant loyal customer base, a clear and consistent identity, and a proven track record of success and growth.
Key Characteristics
- Strong Brand Recognition: MICARE HEALTHTECH HOLDINGS (PTE. LTD.) is likely widely recognised by its target audience and beyond. These brands are usually household names with history, regional or global reach and financial might.
- Market Leadership: MICARE HEALTHTECH HOLDINGS (PTE. LTD.) is often seen as a leader or key player in its industry. They dominate the market and often set trends for others to follow.
- Loyal Customer Base: It has a large and dedicated following of customers after 4 years of operation, often associated with brand value and loyalty.
- Consistent Identity: The brand’s mission, values, and visual identity are well-defined and consistently applied. The narrative is often relational and recognisable.
- Diverse Offerings: It has a robust and varied portfolio of products or services that cater to a wide range of customer needs. After sales service and customer support are usually well aligned with company’s offerings.
- Scaled Operations: The brand has the infrastructure, team, and processes to support its size and reach.
- Financial Stability: It generates steady revenue and often has significant market share.
Why It Matters
- MICARE HEALTHTECH HOLDINGS (PTE. LTD.) represent stability, trust, and excellence.
- They have proven their ability to adapt, innovate, and thrive over time. However, even established brands must continue to evolve to stay relevant in a changing market.
The company's address is not in use by other companies, providing a unique and credible business location. MICARE HEALTHTECH HOLDINGS (PTE. LTD.) is relatively new, having been operational for less than a year. Companies that have been established for a longer period of time are generally considered more reliable and trustworthy.
MICARE HEALTHTECH HOLDINGS (PTE. LTD.) has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting MICARE HEALTHTECH HOLDINGS (PTE. LTD.)'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
MICARE HEALTHTECH HOLDINGS (PTE. LTD.) may not have accessible contact information online, which dilutes engagement and credibility. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueAssociated News for MICARE HEALTHTECH HOLDINGS (PTE. LTD.)
International Finance Corporation and Mitsui to invest c.US$60 million in Singapore-based MiCare Health Technologies
MiCare HealthTEC Holdings Pte Ltd ("MiCare"), 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 key Southeast Asian markets including Indonesia and Vietnam as well as to set up a new regional headquarters in Singapore. Baker McKenzie were the appointed legal advisors for this investment deal. MiCare is a managed care organisation ("MCO") that administers, processes and manages medical claims of policyholders and members on behalf of insurance companies and self-insured corporate clients. The company also builds applications linking key players in the healthcare sector such as doctors, patients, hospitals, clinics and pharmacies, to facilitate the seamless and efficient management of medical claims. MiCare has more than 13 million members in three countries – Malaysia, Thailand and the Philippines – and is looking to continue to grow and expand in the region.
IFC and Mitsui to invest US$60M in Singapore-based MiCare Health Technologies
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., 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 key Southeast Asian markets including Indonesia and Vietnam as well as to set up a new regional headquarters in Singapore. Baker McKenzie were the appointed legal advisors for this investment deal. MiCare is a managed care organisation (“MCO”) that administers, processes and manages medical claims of policyholders and members on behalf of insurance companies and self-insured corporate clients. The company also builds applications linking key players in the healthcare sector such as doctors, patients, hospitals, clinics and pharmacies, to facilitate the seamless and efficient management of medical claims. MiCare has more than 13 million members in three countries – Malaysia, Thailand and the Philippines – and is looking to continue to grow and expand in the region.
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.