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Kendall Court invests US$55m in Indonesian hospital expansion

Stake in 420-bed hospital expansion in Indonesia is by way of preference shares in Mandaya Medical International

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Published Fri, Oct 19, 2018 · 09:50 PM

    Singapore

    SINGAPORE-based private equity firm Kendall Court announced on Friday that it has invested US$55 million in a 420-bed hospital expansion in Indonesia, by way of preference shares in Mandaya Medical International (MMI).

    The 70,000 square metre Mandaya Royal Hospital Puri will be located in Metland Cyber City, Jakarta, about 30 minutes from Soekarno-Hatta Airport, commencing operations end-2019.

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