Singapore's GIC lifts stake in Indonesian hospital chain

Wealth fund invests another $191m in Primaya Hospital

Primaya owns and operates 15 hospitals that have a combined 1,400 beds in the Sumatra, Java, Sulawesi and Kalimantan regions of Indonesia. (Screenshot from Primaya Hospital's website)

GITA ROSSIANA, DealStreetAsia

March 9, 2023 12:49 JST

JAKARTA -- A subsidiary of Singapore's GIC sovereign wealth fund has bought shares of Indonesia-listed Primaya Hospital worth 2.95 trillion rupiah ($191 million), according to a bourse filing on Wednesday.