Jakarta. Siloam International Hospitals, Lippo Group's hospital operator, is going to acquire a hospital in West Java and another one in West Nusa Tenggara for around Rp 182 billion ($13.6 million).
The takeovers mark Siloam's first inorganic expansion this year, as the company seeks to be present in all major cities of Indonesia. It raised Rp 1.3 trillion last year from selling 12.5 percent of its enlarged capital in a rights issue to pursue expansion.
Siloam will acquire all shares of Sentosa Hospital in Bekasi for Rp 26.5 billion and of Grha Ultima Medika Hospital in Mataram, the capital of West Nusa Tenggara, for Rp 155 billion, the president director of Siloam Hospitals, Romeo Lledo, said in a statement on Wednesday (18/01).
"These hospitals are located in our main markets, [buying them is] consistent with Siloam's aim to be present in all major cities across Indonesia and to provide all kinds of services needed by the country's growing [health care] market," Lledo added.
Siloam employs 2,200 doctors and 8,500 nurses in its 23 hospitals and 16 clinics in 17 cities, which together have a capacity of 5,100 beds.
Sentosa and Grha Ultima will add 50 and 70 beds respectively. Siloam plans to increase the capacity of its hospitals to make them available to patients insured under the national BPJS Kesehatan health care scheme.