Lippo plans to sell a minimum 20 percent of unit Siloam Hospitals for between $200 million and $300 million, but could increase the stake to 49 percent if the price is right.
Siloam, which represents around 30 percent of Lippo Karawaci’s asset value, operates nine hospitals and is currently building four new ones.
Indonesia is the world’s largest Muslim population and is the world’s number four in total population.
These private equity firms are not exactly quick off the mark, but with the glut of properties for sale to the PE players, we likely will see Siloam Hospitals still on the market next year.
For those investors serious about Indonesia’s healthcare sector, we would encourage looking into telemedicine opportunities……it’s about geography…………HK