Finex Family Partners Rp379 Billion Until Semester I 2024

JAKARTA - The hospital management issuer, PT Mitra Keluarga Karyasehat Tbk (MIKA), reported that until the first semester of 2024, had absorbed capital expenditure (capex) of IDR 379 billion.

Head of Investor Relations Mitra Keluarga, Aditya Widjaja, revealed that the total budget prepared by the company for capital expenditure in 2024 of IDR 1 trillion is intended to support sustainable expansion, including the construction of new hospitals and the purchase of medical equipment.

"For the first semester, the total absorbed capex is IDR 379 billion from our target of IDR 1 trillion in 2024. Indeed, the focus of this capex is very related to hospital construction," he explained in a Public Expo Live presentation, Friday, August 30.

Aditya explained that the company has three projects that are ground-breaking hospitals and in terms of organizing the hospital, his party will also add around 250-300 beds this year.

"So there are also expansion projects from hospital organizing, especially in groups and adding more updated medical equipment this year and for the rejuvenation of medical devices every year," he said.

For information, Mitra Keluarga has prepared a total capital expenditure of IDR 1 trillion for 2024, which will be used for the new hospital ground breaking project which is scheduled to start operating in 2025 and carry out various renovations of existing facilities.

On the same occasion, the Director and Secretary of Mitra Keluarga, Joice V. Handayani, revealed that the company will still add new hospitals and hospital acquisitions in several areas to improve performance.

Joice explained, in 2023 the company has added three hospitals so that this year the company has no plans to build or acquire again for this year.

However, in 2025, the company plans to build a new hospital.

"So on average we will add 1-2 hospitals per year. So in 2023 we add 3 hospitals and this year we happen to not exist. But next year maybe we will open at least 3 new hospitals. 2-3 new hospitals. So the average is 1-2 hospitals per year," he said.

According to Joice, this is the main strategy of growth from family partners. Of course, beyond the acquisition strategy as part of the growth strategy of family partners.

While in the acquisition process, Joice said the company prioritized potential locations and hospital demographics to be taken over, rather than focusing solely on services and facilities available at the hospital.

According to Joice, this is the company's effort to expand its reach and strengthen its presence, so that it can support long-term business expansion more effectively.

"The selection (RS acquisition) is more of a demographic location for the hospital. We don't have one yet, we're still looking for the hospital. We have a special team assigned for this acquisition but so far there hasn't been any," he said.