Indonesia: Hospital chain Hermina raises $45m from Creador ahead of IPO

Indonesia: Hospital chain Hermina raises $45m from Creador ahead of IPO

Credor director Cyril Noerhadi (extreme right) with Hermina board members. Photo by Antonia Timmerman

Private equity firm Creador has invested $45 million (Rp 600 billion) and taken a minority stake in Hermina Group, a private hospital chain operator in Indonesia slated for an IPO next year.

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