Medikaloka allocates Rp 800 billion to build a hospital this year
JAKARTA - PT Medikaloka Hermina Tbk (HEAL) has prepared a capital expenditure (CapEx) of Rp 800 billion for the construction of hospitals this year. Medikaloka plans to open 3 hospitals in the third and fourth quarters. The three hospitals are located in Kendari, Pekanbaru and Manado.
The company targets to have 40 hospitals and more than 4 thousand beds by 2020. In terms of revenue, the company targets revenues in the year to be Rp 3.6 trillion.
Regarding capex funding, the company's management said that this year's capex came from a combination of the company's internal cash flow, retained earnings and funding from banks. In terms of leverage, the level of gross debt to Medikaloka's EBITDA is still 1.3x so the company still have the potential to get loan from banks. (LM)