Japanese conglomerate Marubeni has agreed to acquire a 5% interest in PT Siloam International Hospitals (Siloam), a publicly listed hospital chain controlled by PT Lippo Karawaci.

The partnership with Lippo Karawaci will allow Marubeni expand into healthcare services in Indonesia. Lippo Karawaci’s ownership stake in Siloam remains unchanged.

Established in 1996, Siloam is Indonesia’s largest private hospital operator with over 13,000 doctors and nurses, 36 hospitals and 7,557 beds across the country.

The business strategy of Siloam, which offers healthcare services to about two million patients annually, allows its hospital to operate on a lower cost based on economic of scale.

The Japanese firm has also signed a memorandum of understanding with Lippo Karawaci to pursue business opportunities in the Indonesian healthcare infrastructure and services.

Plans include investments in pharmaceuticals, lab and other industries associated to healthcare.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Marubeni’s next generation business division COO Masayuki Omoto said: “We are pleased to be growing our presence in Indonesia and look forward to a long term partnership with LPKR and Siloam. We are excited to be taking part in growing and improving the healthcare sector in Indonesia.”

The next generation business development division of Marubeni was established in April 2019 to pursue new business models that offer solutions to social issues, and increasing corporate value in the long term.

Marubeni said the investment in Siloam and partnership with LPKR will form the foundation of its expansion into healthcare infrastructure and services in Indonesia.