Looking For Additional Capital, IHC BUMN Hospital Holding Plans To Hold IPO

Illustration (Photo: Doc. Antara)

PT Pertamina Bina Medika as Indonesia Heathcare Corporation (IHC) Holding BUMN Hospital (RS) plans to release its shares on the Indonesia Stock Exchange (IDX) through the initial public offering (IPO) in the near future.

IHC President Director drg Mira Dyah Wahyuni said the IPO plan was a long-term IHC strategy to meet capital needs.

"In the future, we plan to conduct an IPO," he said at the Commission VI Hearing Meeting (RDP) at the DPR RI Jakarta building, Wednesday, July 12.

Furthermore, Mira said, the IPO will be carried out in 2027 or 2028.

Because, continued Mira, currently her party is still focused on fixing the company's internal finances.

"We still have a lot to transform starting from digitalization, standardization of all kinds. Maybe IPO 2027 or 2028. Mainly we have to fix different financial reports, control, tariffs, systems, business processes, this is what we have to go through," he said.

In addition to conducting an IPO, Mira revealed, the company will also develop a hospital at the Pelni Hospital (Merial Tower).

Furthermore, Pertamina Hospitals RSPP, Balongan, Cirebon, and RSPJ.

This includes repairing or renovating several small hospitals, namely, Rantau Hospital, Brandan Hospital, and Tanjung Hospital.

"The hospital and the hospital owned by Pertamedika Pertamina but the hospital are inadequate. We will make physical improvements and facilities such as renovations," he explained.

Not only that, Mira also said, the company will build new hospitals, including Bali International Hospital, UNPAD Cacer Special Hospital, C type Hospital in Balikpapan, and Kenten Hospital in South Sumatra (Sumsel).

In addition, the company will also acquire Semen Padang Hospital, Antam Medika Hospital, Garam Hospital, Semen Gresuk Hospital, and PTPN III Hospital.

For your information, in 2021 the news of the IHC IPO has begun to be heard.

At that time, the BUMN Hospital Holding was seeking funding worth US$300-400 million. This search for funds is carried out through strategic investors.

In the same year, SOE Minister Erick Thohir also revealed this IPO plan.

He said the potential for carrying out this corporate action began to open up by consolidating BUMN-owned hospitals into one holding.

After being merged, the company from the previous zero valu is currently worth USD 1.5 billion and manages more than 70 state-owned hospitals.

Currently, the IHC as the BUMN Hospital Holding is also preparing for the development of health tourism in Bali, with companies from the United States. This hospital is targeted to attract people who have been choosing to seek treatment abroad.