18/09/2023 10:39 PM

KUALA LUMPUR, Sept 18 (Bernama) -- KPJ Healthcare Berhad has successfully concluded the sale of its hospital operation Rumah Sakit Medika Bumi Serpong Damai (RSMBSD) in Indonesia to Columbia Asia Group, with total cash proceeds of RM156.7 million. 

KPJ Healthcare in a statement today said the deal includes the disposal consideration and the repayment of the shareholder’s loan.

KPJ Healthcare president and managing director Chin Keat Chyuan said the divestment of KPJ’s Indonesian hospitals is a strategic move, which will allow the Group to focus on its core businesses within the domestic market.

“We are confident that this divestment will strengthen our position as a leading healthcare provider in Malaysia and enable us to continuously deliver sustainable value to our stakeholders.

“The funds raised from the disposal allow us to optimise operational excellence while advancing care and clinical delivery of our hospital business. As we look ahead, we are fueled by enthusiasm for our growth prospects, both on home soil and eventually in emerging markets,” he said.

Earlier this year, the Group divested its other Indonesian hospital operation, Rumah Sakit Medika Permata Hijau, to the Indonesian hospital group Eka Hospital.

On March 1, KPJ Healthcare Berhad announced its plans to divest RSMBSD as part of its asset rationalisation. 

The completion of the sale of RSMBSD marks KPJ Healthcare’s complete exit from the Indonesian market.




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