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Good for What Ails You

Siloam Hospitals Acquires BIMC Hospitals in Bali

(12/21/2013) PT Siloam International Hospitals have announced the acquisition of BIMC Hospital, operating medical facilitiies in Kuta and Nusa Dua.

The announcement was made on Monday, December 16, 2013.

According to Kompas.com, the acquisition took place through the purchase of 80% of the shares of PT Medika Sarana Traliansia by Siloam at a cost of Rp. 308 billion (US$25.6 million) including the assumption of the outstanding debt.

The acquisition sees Siloam operating three hospitals in Bali.

The recently opened Siloam Hospital on the Sunset Road in Bali provides 280 patient beds.

Dr. Gershu Paul, president director of the Siloam Hospital Group said: “Siloam also has plans to establish clinics in Ubud, Mataram (Lombok) and Labuan Bajo (Flores) to widen access to both quality primary and secondary health service in those areas.”

By purchasing BIMC Hospital, Siloam adds 80 patient beds to their Bali operation.