JAKARTA/YANGON -- Indonesian conglomerate Lippo Group will bring China under its sprawling network of hospitals in Asia, applying a chain-building model that has proved successful in the retail and banking sectors at home.
The group, anchored by real estate operations, has grown to become the largest hospital operator in Indonesia and now plans to manage roughly 100 facilities in major Chinese cities. Lippo and state-owned China Merchants Group, which owns the hospitals, signed a strategic partnership agreement recently and will set up a joint venture in Hong Kong.
