6 Crazy Rich Indonesians with Hospital Businesses

Bisnis | Ekonomi - Posted on 28 July 2024 Reading time 5 minutes

DIGIVESTASI - The healthcare business continues to grow rapidly, especially since the Covid-19 pandemic. On the Indonesia Stock Exchange (IDX), there are 11 publicly traded hospital stocks, allowing the public not only to seek medical treatment but also to invest in this sector.

 

Who Are the Dominant Players in the Hospital Sector in Indonesia?

1. Dato' Sri Tahir
   - Owner of the Mayapada Group, which controls PT Sejahteraraya Anugrahjaya Tbk (SRAJ), the operator of Mayapada Hospital.
   - Mayapada Hospital is one of the best private hospitals in Indonesia, established on June 1, 2008.
   - Tahir is ranked as the 14th richest person in Indonesia according to Forbes as of July 2024.

2. Martua Sitorus
   - Jacqueline Sitorus, daughter of Martua Sitorus, is the controlling shareholder of PT Murni Sadar Tbk (MTMH), the operator of Murni Sadar Hospitals with 6 hospitals.
   - Martua Sitorus is known as a tycoon in the palm oil plantation business and has ventured into the hospital sector.

3. The Boenjamin Setiawan Family
   - The late Boenjamin Setiawan was the founder of Mitra Keluarga Hospital and PT Mitra Keluarga Tbk (MIKA), which operates 25 hospitals.
   - Boenjamin also founded PT Kalbe Farma Tbk (KLBF) in 1966.

4. Eddy Kusnadi Sariaatmadja
   - Owner of PT Elang Mahkota Teknologi Tbk. (EMTK), which controls PT Sarana Meditama Metropolitan Tbk (SAME), the operator of RS Omni with 8 hospitals.
   - Hospitals managed by SAME have a total capacity of 1,454 beds.

5. Mochtar Riady
   - Founder of the Lippo Group and manager of the Siloam Group through PT Siloam International Hospitals Tbk. (SILO).
   - Initially collaborated with Gleneagles from Singapore, the hospital was later known as RS Siloam and continues to expand across Indonesia.

6. The Ning King Family
   - Hungkang Sutedja, son of The Ning King, is the owner of PT Kedoya Adyaraya Tbk. (RSGK), which manages RS GRHA Kedoya and RS GRHA MM2100.
   - The Ning King owns various companies in the textile, steel, property, mining, energy, and agricultural sectors under the Agro Manunggal banner.

The healthcare industry in Indonesia is showing significant growth, supported by major conglomerates that control various hospital stocks, creating attractive investment opportunities in the stock market.


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Source: cnbcindonesia.com

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