JAKARTA - PT Medikaloka Hermina Tbk (HEAL), the owner of Hermina Hospital network, is allocating capital expenditure (capex) of IDR 1.2 trillion until the end of 2023. This Indeks52 constituent will be more active in acquiring hospital buildings to expand its network scope and increase revenue.

Hasmoro, President Director of PT Medikaloka Hermina Tbk (HEAL), mentioned that the realisation of capex is still below 50%. “Last year, the used capex was IDR 900 billion, whereas the target reached IDR 1.2 trillion. The realisation did not come to IDR 1.2 trillion as many implementations were postponed,” he admitted to IDNFinancials in an exclusive interview, right in Hermina Tower, Jakarta, today (7/8).

According to Hasmoro, this year, the company will speed up several hospital constructions that once got put off, because the occupancy rate is now reaching above 80%. “The capex realisation is still below 50%, because we are, in fact, behind the schedule. We will speed up the capex realisation in the second half (H2),” he said.

It was mentioned that HEAL will build two additional hospitals in Aceh and Cilegon, Banten. Meanwhile, in 2024, there will be four Hermina Hospitals that will initiate operations. They will be located in Pantai Indah Kapuk (PIK) 2, Jakarta, Madiun and Pasuruan, East Java, as well as Nusantara Capital City (IKN), East Kalimantan.

According to Hasmoro, the construction of Hermina Hospital in IKN will begin in the third quarter of 2023, and will be operating come August 2023. “We promise that by August 17, 2023, Hermina will have been able to provide healthcare facilities there,” he claimed.

For the initial stage, the operating hospitals will have a capacity of 100 beds, which will increase as the time goes. The capex for land and building acquisition is set to IDR 400 billion per hospital unit. HEAL is known to have 45 hospitals in 28 cities, including Greater Jakarta Area, Solo, Yogyakarta, Samarinda, Jakabaring, Pekanbaru, and Manado.

This issuer has booked consistent revenue growth within the past five years and managed to be listed as a constituent of Indeks52 under the category of High Growth and Big Market Capitalisation. Indeks52 is initiated by Tempo.co, a subsidiary of PT Tempo Inti Media Tbk (TMPO), and IDNFinancials, a media and financial data platform for all issuers in Indonesia Stock Exchange (IDX). (LK/ZH)