PT Siloam International Hospitals Tbk (SILO) has completed a major corporate move by acquiring hospital property assets worth approximately Rp9 trillion (01/04).

The company disclosed the transaction to the Otoritas Jasa Keuangan (OJK) and the Indonesia Stock Exchange (BEI) as part of a material fact report.

Two-Stage Transaction Involving First REIT-Affiliated Entities

The acquisition will be carried out in two stages. In the first stage, SILO and its subsidiary, PT Megapratama Karya Bersama (MKB), will acquire shares of companies that own hospital assets. The second stage will be conducted through a put option scheme.

The total transaction value is recorded at Rp9 trillion, with Rp5.12 trillion for the first stage and Rp3.88 trillion for the second.

Hospital Assets Across Indonesia Included in Deal

The assets included in the transaction are Siloam hospital properties located in Lippo Village, Kebon Jeruk, Manado, Denpasar, Purwakarta, Kupang, Palembang, and Baubau.

This acquisition gives SILO direct ownership of hospital assets previously held by other entities, increasing the company’s control over its property portfolio.

Funding Strategy and Corporate Expansion Goals

SILO plans to fund the transaction using external sources, specifically through a syndicated credit facility.

The company’s management stated that this corporate action aligns with its business expansion strategy and is expected to benefit the company’s performance and stakeholders.

The transaction is also not expected to have a material impact on the company’s short-term cash flow.

Regulatory Approval and Shareholder Oversight

As a material transaction, the deal will comply with regulatory requirements, including obtaining approval from the General Meeting of Shareholders (RUPS).

PHOTO: ANTARA

This article was created with AI assistance.

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