Tomatosystem hits 29.97% upper limit after MCP Texas wins CMS approval

  • Tomatosystem shares hit the KOSDAQ upper limit after MCP Texas secured final CMS approval.
  • Tomatosystem traded at ₩2,550, up ₩588, or 29.97%, at 9:31 a.m. on the 21st.
  • MCP Texas plans member enrollment next month before launching services on January 1, 2027.

Tomatosystem shares reached the KOSDAQ market’s upper price limit after Medicare Partners Health Plan Texas (MCP Texas), an insurer under Medicare Partners (MCP), received final approval from the U.S. Centers for Medicare & Medicaid Services (CMS) for its 2027 insurance operations. MCP Texas plans to begin member enrollment next month and launch insurance services on January 1, 2027. Tomatosystem acquired a 5% stake in MCP with its U.S. subsidiary CyberMDCare (CMD) in October last year. CMD also signed a comprehensive service operations agreement with MCP Texas and will operate broker management and enrollment portals alongside the Nova digital healthcare platform. The company is preparing Nova pilots with three U.S. independent practice associations and pursuing the establishment of K-Medical Organization to develop a local medical network. Investors will focus on whether the approval leads to member growth and recurring platform revenue after launch.

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