The Equicom Group, the company behind Maxicare, and JE Holdings Inc., announced a strategic partnership.
JE Holdings, a privately-held investment company of the Gokongwei family, will become a co-equal shareholder of Maxicare alongside the Equicom Group.
The partnership agreement, approved by the Insurance Commission on May 5, will result in a bigger and stronger Maxicare due to the synergies to be derived from the partnership.
The Equicom Group, led by chairman Antonio Go, is a diversified conglomerate engaged in the areas of healthcare, information technology, banking, and financial services.
According to Go, the agreement entered with JE Holdings is a partnership of equals that will give Maxicare a stronger foothold in the country’s healthcare industry. “Maxicare is already the top HMO provider in the Philippines; this partnership will only strengthen our lead in the healthcare sector and will help us deliver industry-defining services that will benefit Filipino consumers,” Go said.
For his part, JE Holdings chairman Lance Gokongwei said the company is very excited to work with the Equicom Group on this noble undertaking that will further democratize the delivery of essential healthcare services to our countrymen.
“We share Maxicare’s vision for the future of healthcare in the Philippines. As their partner, we commit our support as they continue to innovate to help bring a better and comprehensive healthcare system in our country. We have high hopes that the synergy from this partnership will provide unparalleled customer experience,” Gokongwei said.
Maxicare CEO Sean Argos shared that the partnership between Equicom Group and JE Holdings will create new opportunities that will elevate healthcare services in the country.
“We imagine a future where healthcare services in the country will be further enhanced through a new industry-leading healthcare ecosystem that will benefit Maxicare’s medical provider partners and provide Maxicare members better customer experience, affordability, and availability,” said Argos.