Siloam Hospitals Owned By Conglomerate Mochtar Riady Is Predicted To Earn IDR 8.48 Trillion In Revenue In 2022, Making Lippo Karawaci More Big!

Siloam Hospitals. (Foto: Dok. Siloam Hospitals)

JAKARTA - The income of the hospital manager belonging to the conglomerate Mochtar Riady, PT Siloam International Hospitals Tbk (SILO) is predicted to increase in 2022. This certainly has a positive impact on its parent company, PT Lippo Karawaci Tbk (LPKR).

President Commissioner of SILO and CEO of LPKR John Riady emphasized his commitment to continue business expansion in the health sector to support health services, national development, and improve the community's economy.

"In the future, SILO will continue its efforts to increase the number of 41 existing hospital networks. At the current macro level, with a very large population, Indonesia needs a health industry that can reach wider and more qualified," said the grandson of Mochtar Riady, in a press release. , quoted Thursday 30 June.

John added that SILO is also developing various digital-based services, one of which is MySiloam and telehealth which is connected to 1,000 doctors. This reinforces SILO's steps to continue to expand and strengthen innovation.

"SILO is also working with other platforms such as AIDO, HaloDoc, and Alodokter. This digital expansion will expand Siloam's market penetration."

On Thursday 16 June, SILO also inaugurated the Labuan Bajo International Medical Center (LBIMC) in Labuan Bajo, East Nusa Tenggara (NTT), which is the 2nd health facility built by SILO in NTT.

Previously, in 2016, SILO first established the Siloam Labuan Bajo Hospital. SILO also opened the first franchised hospital in Holland Village, namely Siloam Hospitals Agora.

Through this business model, investors use their capital to build and equip hospital facilities, and SILO will act as manager. Therefore, SILO can generate additional income without investment risk.

Meanwhile, Bloomberg analyst consensus estimates that SILO will achieve revenue of IDR 8.48 trillion, net profit of IDR 477.69 billion, and EBITDA of IDR 1.83 trillion in 2022. This of course has a positive impact on PT Lippo Karawaci Tbk. (LPKR) as the main shareholder with 57.9 percent ownership from the previous 55.4 percent.

LPKR purchased a total of 330,416,800 SILO shares with an average price of IDR 1,098 per share between 29 March 2022 and 18 April 2022. With this purchase, LPKR's ownership interest in Siloam rose to 57.9 percent, from the previous 55.4 percent.

For information, in the first quarter of 2022, SILO achieved revenue of Rp. 2.2 trillion, supported by an increase in the number of patients despite a decline in COVID-19 patients. The number of inpatients reached more than 51,000 patients as of March 2022, an increase of 26.2 percent (year on year/yoy), and 699,000 outpatients, up 28.3 percent yoy.