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HEAL prepares IDR 900 billion capex to build 4 hospitals

05 March 2021 07:23

JAKARTA. PT Medikaloka Hermina Tbk (HEAL) this year allocated a capital expenditure budget (capex) of IDR 800 billion - IDR 900 billion to build 4 new hospitals.

Medikaloka Hermina Director Aristo Setiawidjaja explained that the budget come from internal cash and banking. With the construction of the 4 new hospitals, management is optimistic that HEAL will record positive revenue growth, as well as EBITDA and net profit.

"We are targeting revenue, EBITDA and net profit to grow double digits this year," Aristo said as quoted by Kontan.co.id, Thursday (4/3).

HEAL's optimism to achieve double-digit growth was also supported by the completion of the construction of the Hermina Periuk hospital located in Tangerang (Kotabumi) in November 2020. Also the construction of several other hospitals including Cibitung which will start operating in the first quarter of 2021, while Aceh and Cilegon will operate in Quarter IV-2021. To date, HEAL has 41 hospitals. (AM/LM)

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