IFC to invest up to USD60 mn in Indonesia-based IDS Medical Systems
22-Feb-17, Deal Street Asia
International Finance Corp, the private investment arm of the World Bank Group, plans to invest up to USD60 mn in Indonesia-based IDS Medical Systems Group Ltd, the largest pan-Southeast Asian medical device distributor and supply chain manager.
%20IDS%20Medical%20Systems.png "IFC to invest up to USD60 mn in Indonesia based IDS Medical Systems (c) IDS Medical Systems")
Image: IDS Medical Systems
IDS Medical is working on a project with an estimated cost of USD130 mn. The funding from IFC will help the company to complete the project and for expanding operations, both by growing in its presence in existing markets and selectively entering new markets in Asia.
Through this deal, IDS Medical will also benefit from IFC’s global healthcare sector expertise and network, as IDS Medical plans to expand to other emerging markets such as Cambodia and Myanmar.