The parent company of Hermina Hospital is offering 11.8 percent of its shares through an IPO. This private equity-backed company pitted itself against competitors Siloam Hospitals and Mitra Keluarga.Key summary points
- Hermina has sets the IPO price in the range of Rp 3,700 to Rp 5,000 per share to pocket funds of up to Rp 1.76 trillion.
- Private equity Creador Indonesia became a Hermina investor last year, with an investment of Rp 600 billion.
- Indonesia’s health market has the potential grow three-fold to US$ 21 billion by 2019.