MANILA, Philippines, November 6 — MediCard Philippines, one of the country’s leading healthcare companies and AIA Group’s healthcare arm in the Philippines, has moved its corporate headquarters to the AIA Tower in Paseo de Roxas, Makati City. 

This strategic relocation reinforces the integration between MediCard and AIA Philippines, formerly Philam Life and is part of leading multinational life insurer AIA Group that operates in 18 Asia Pacific markets. The move advances the two companies’ shared vision for a proactive, innovative, and future-ready healthcare system that meets the evolving needs of Filipinos.

“This move is a key milestone in our journey from a local healthcare provider to a fully integrated health company and AIA’s healthcare arm in the Philippines,” said Julian Mengual, MediCard Chief Executive Officer.

“Bringing MediCard and AIA Philippines under one roof strengthens our ability to anticipate changing healthcare demands, accelerate innovation, and deliver solutions that contribute to AIA’s commitment to helping Filipinos live healthier, longer, and better lives.”

Established in 1986, MediCard serves individuals, small and medium-sized enterprises (SMEs), and large corporations nationwide through an extensive network that includes 18 free-standing clinics, over 1,500 accredited hospitals and clinics, and more than 24,000 partner doctors. The company has expanded its services to include dental and eye care through specialized clinics, supported by its digital health ecosystem led by the MediCard GO app, which offers telemedicine, online Letter of Authorization (LOA) requests, and virtual IDs. This infrastructure integrates seamlessly with AIA Philippines’ Holistic Health Solutions ecosystem, enabling both companies to deliver holistic, end-to-end healthcare and protection for Filipinos.

Following AIA Philippines’ acquisition of MediCard in 2023, the relocation expands AIA’s health sector footprint and enhances MediCard’s capacity to deliver care. It positions both companies to accelerate innovation, streamline operations, and create a seamless ecosystem that combines MediCard’s broad Health Maintenance Organization (HMO) network with AIA’s life and health protection expertise.

More than a change of address, the relocation signals a bold step in MediCard’s evolution toward healthcare innovation and alignment with global standards. With closer physical proximity, MediCard and AIA Philippines can leverage AIA Group’s international expertise to elevate healthcare services and deliver world-class, future-ready solutions.

Shaping the future of health

This move comes at a critical time when healthcare needs rapidly change, requiring a more holistic and proactive approach. According to AIA Philippines’ 2025 "Rethinking Healthy: What Overall Well-Being Means to Filipinos" research, health is defined not just by a healthy body (52%) but also  encompasses mental (30%), financial (12%), and environmental health (7%). The study also found that financial stress is a significant barrier for many Filipinos — 59% cite it as a primary concern, and 47% feel financial struggles limit their access to quality healthcare.

"True healthcare is proactive, not reactive. It should support people in staying healthy and prepared for life’s challenges," said Melita Teo, AIA Philippines CEO.

“By integrating MediCard into our workplace and culture, we are fostering a unified approach to health that empowers Filipinos to take charge of their wellbeing. This naturally extends our commitment to healthier, longer, better lives, and an award-winning culture prioritizing collaboration, innovation, and care.”

The relocation is also expected to boost synergy within AIA Philippines’ award-winning and people-first culture. Shared spaces and resources will enable cross-functional teams from both organizations to collaborate more closely, exchange insights, and develop health and insurance solutions tailored to the diverse needs of individuals, families, SMEs, and large corporations.

A unified vision for Filipinos

This move supports MediCard's strategy to broaden its offerings beyond traditional HMO coverage, emphasizing dental, eye care, and digital innovations. For AIA Philippines, it represents a renewed focus on strengthening health protection, ensuring Filipinos have greater access to both preventive and protective care.

“With AIA’s global expertise and MediCard’s deep local experience, we are creating a stronger healthcare network that is both world-class and attuned to the realities of Filipino life,” Mengual added. “This is about making healthcare not only more accessible but also more meaningful.”

As MediCard and AIA Philippines come together under one roof, this move sets the stage for greater collaboration and innovation. Both leaders agree this is just the start of building a more integrated, proactive, and future-ready healthcare ecosystem that delivers real value and accessible health solutions to every Filipino.

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About MediCard Philippines, Inc.
MediCard Philippines, Inc. (MediCard) is a health company that provides comprehensive and accessible services to individuals, families, small and medium-sized enterprises (SMEs), and large corporations. With a strong and trusted presence across the Philippines, it connects members to a vast network of accredited clinics, partner hospitals, and medical and dental professionals. 

Driven by its mission to make healthcare more inclusive and within reach, MediCard continuously innovates to uphold its commitment to helping Filipinos live healthier, longer, and better lives. Its wide range of health plans and wellness programs are designed to meet the evolving needs of its members, ensuring quality care and peace of mind.

MediCard recorded the highest net income among 28 Health Maintenance Organizations (HMOs) that submitted financial statements to the Insurance Commission for the first quarter of 2025. This performance highlights MediCard’s solid financial standing, operational efficiency, and unwavering dedication to services. 

About AIA Philippines
AIA Philippines (AIA Philippines Life and General Insurance Company Inc.) formerly AIA Philam Life (The Philippine American Life and General Insurance Company), is the country’s premier life insurance company. Originally established on 21 June 1947 and became popularly known as Philam Life, AIA Philippines has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises. 

AIA Philippines has PHP 257.76 billion in total assets and PHP 57.35 billion in net worth as of 31 December 2024 while serving nearly 1.2 million individual policyholders and nearly 800,000 insured group members. AIA Philippines understands the needs of its customers and provides holistic solutions that include life protection, health insurance, savings, education, retirement, investment, group, and credit life insurance. It also offers bancassurance through its subsidiary, BPI AIA Life Assurance Corporation (formerly BPI-Philam Life Assurance Corporation). 

Based on the unaudited reports submitted to the Insurance Commission as of 31 December 2024, the combined total premium income of AIA Philippines and BPI AIA was at PHP 29.77 billion. AIA Philippines is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group. 

AIA Philippines and BPI AIA are regulated by the Insurance Commission.

About AIA
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR⁽¹⁾, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar,  New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR⁽²⁾, and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$328 billion as of 30 June 2025. 

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 43 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

Notes:
⁽¹⁾Hong Kong SAR refers to the Hong Kong Special Administrative Region.
⁽²⁾ Macau SAR refers to the Macau Special Administrative Region.