Fortune Medicare, Inc., in a strategic move to better serve the needs of a rapidly changing managed care market, has transferred its business interests and holdings in all Fortune Care branded full service clinics to a separate entity created to serve the needs and requirements of the healthcare market for ambulatory clinic services.

With more than twenty seven years of experience in the managed care industry that allowed the company to serve market segments that were underserved, Fortune Medicare’s management embarked on this strategic move to allow its managed care operations better opportunities in focusing on a core strength; providing comprehensive, affordable, responsible and excellent healthcare services to all segments of society through its various cutting edge products.

“This direction allows us to concentrate our resources on specific core areas of the business model we have adopted that will allow the company to redeploy its resources and investments when opportunities arise amid the challenges ahead allowing us to continuously serve our customers”, said J. Antonio A. Cabangon, Jr., Fortune Medicare, Inc. Chairman and CEO. He added that Fortune Medicare, Inc’s vision and mission embodied in the advocacy of its founding chair, Amb. Antonio L. Cabangon-Chua, remains the guiding light in this milestone.

For her part, Fortune Medicare, Inc. President and COO, Dorothea J. Sibal, said that this latest development will only strengthen the company because it will allow the management team to focus on its core competency. “We have always been a managed care organization from the very beginning. The clinics we have invested in were means to reach our customers, providing them with convenient, cost-effective and quality standards of service. I am very fortunate that this milestone is being undertaken at this time because we now have an identified partner in Health Protect, Inc. to uplift ambulatory clinic services to new heights. While this remains a subsidiary of the company, the clinics will be operated on an arms length basis, a management principle we have adopted that served other well- managed companies improve their operational efficiencies”, Mrs. Sibal said.

The new entity, HEALTHPROTECT Inc., shall be managed by a separate management team recently organized.