JAKARTA – PT Bundamedik Tbk (BMHS), a listed hospital operator, has officially acquired 8,778 shares of PT Medika Sejahtera Bersama (MSB) in a transaction valued at IDR 38.99 billion. This acquisition grants BMHS a 99.99% ownership stake in MSB.

According to the prospectus, BMHS and the owner of MSB, PT Morula Indonesia (MI), signed the share transfer agreement on January 31, 2025. BMHS will reportedly make the payment in cash.

Morula Indonesia, a private company established on March 19, 2013, currently has BMHS owning 47.25% of its shares, while PT Bunda Ipiti Investama holds 22.75%, and Jinxin Life Asia Healthcare Investment Group Pte. Ltd. owns 30.00%.

Agus Heru Darjono, President Director of BMHS, stated that this acquisition aims to create a more integrated healthcare service and expand MSB’s market share.

"This transaction is expected to strengthen the company’s synergies and enhance competitiveness with other similar hospitals. Additionally, this step will positively contribute to the company’s consolidated financial performance, thereby adding value for all shareholders," Darjono said in the prospectus, as quoted on Monday (3/2).

Once the transaction becomes effective, BMHS will have full control over MSB. As a result, the company can implement strategies to further develop more integrated maternal and child hospitals.

"With full control over MSB, we are optimistic about creating stronger synergies, improving financial performance, and delivering long-term benefits for shareholders," Agus added.

At the close of trading today, BMHS shares fell by 2.31% to IDR 254 per share. However, on a year-to-date basis, the stock has risen by 1.60%. (DK/ZH)