Indonesian firms sign $1b deal with Australian healthcare providers

Photo by Hush Naidoo on Unsplash

Indonesian companies have signed a $1 billion agreement with Australian healthcare providers Docta and Aspen Medical to build hospitals and clinics in the Southeast Asian country’s most populous province of West Java, officials said on Monday.

State-owned infrastructure company Jasa Sarana signed a shareholder agreement with Docta Aspen Pty Ltd and Indonesian health equipment distributor Rajawali Nusindo at this week’s West Java Investment Summit 2020, according to a document showing a list of agreements provided by a provincial official.

Indonesia‘s Investment Coordinating Board Chairman Bahlil Lahadalia praised the $1 billion agreement and told a news conference that healthcare investment was a top priority for Southeast Asia’s biggest economy.

According to Docta’s website, the company established a joint venture company with Aspen Medical to execute a 23-year plan to build 650 primary care clinics and 23 hospitals across West Java in cooperation with the local government, health department and Jasa Sarana.

Docta and Aspen Medical could not immediately be reached for further comment.

Reuters

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.