TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Japan’s Marubeni acquires 5 percent stake in Siloam Hospital

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, February 26, 2020   /   04:16 pm
 Japan’s Marubeni acquires 5 percent stake in Siloam Hospital One of 36 hospitals operated by PT Siloam International Hospitals (Siloam) in Indonesia. (Courtesy of /siloamhospitals.com)

Japanese conglomerate Marubeni Corporation has agreed to acquire a 5 percent stake in PT Siloam International Hospitals (Siloam), a publicly listed hospital chain controlled by PT Lippo Karawaci, as part of its plan to expand into health care in Indonesia.

Masayuki Omoto, the chief operating officer of Marubeni’s Next Generation Business Development Division, said in a statement made available to the press on Wednesday that the strategic partnership with Lippo Karawaci and the acquisition of Siloam’s shares were part of the Japanese company’s program to further its presence in Indonesia.

“We are pleased to be growing our presence in Indonesia and look forward to a long-term partnership with Lippo and Siloam,” he said.

The investment in Siloam and strategic partnership with Lippo Karawaci will form the foundation of Marubeni’s expansion into healthcare infrastructure and services in Indonesia.

Meanwhile, John Riady, the chief executive officer of Lippo Karawaci, said he hoped the partnership with Marubeni would help Siloam to further develop its business and “improve health care for all Indonesians”.

Siloam, established in 1996, is the country's largest private hospital operator with more than 13,000 doctors and nurses, 36 hospitals and 7,557 beds across Indonesia.  (hen)