AN Indonesian subsidiary of managed healthcare provider Fullerton Health said on Friday it has acquired PT JLT GESA, or Medilum. No purchase price was stated.
Medilum provides managed healthcare and third-party administration services to over 1,400 healthcare providers in Indonesia.
Fullerton Health's subsidiary Global Assistance & Healthcare (GAH), a medical assistance firm, made the acquisition.
With the acquisition, Medilum's expertise can be combined with GAH's existing range of healthcare services, said a joint press release by the two companies.
"Together, the companies' combined services represent Indonesia's only complete, integrated corporate healthcare solutions company and the country's third-largest managed care provider by market share," the release said.
Fullerton Health is said to be currently looking to raise around S$300 million in a listing on Singapore Exchange.