Indonesia's Siloam to acquire two hospitals and build ten
10-Jul-15, The Jakarta Post
Publicly listed hospital operator PT Siloam International Hospitals, part of the Lippo Group diversified conglomerate, is expanding its business network by acquiring at least two new hospitals and will issue new shares to support the expansion.
%20Commercial%20Asia.jpg "Indonesias Siloam to acquire two hospitals and build ten (c) Commercial Asia")
Image: Commercial Asia
Siloam has allocated US$80 million in capital expenditure this year from its internal cash to build 10 hospitals and upgrade its existing ones. It aims to expand across Indonesia to own 50 hospitals by 2017, from 20 at present.