TEMPO.CO, Jakarta – Lippo Group plans to open 12 hospitals in Myanmar with a total investment between US$400 million and US$500 million, Lippo Group deputy chairman James Riady said on Monday, April 20, 2015, on the sideline of the World Economic Forum event at the Shangri-La Hotel, Jakarta.
According to James, the 12 hospitals will operate under the Siloam network. Lippo has acquired a hospital in Myanmar that will be inaugurated under the Siloam name in the near future.
“We will open [the hospital] within a month or two,” James added.
James explained that Myanmar’s large population was one of the reasons why Lippo decided to open a hospital, in addition to resources.
“A half century ago, the major countries in Asia were not Singapore, Indonesia, Thailand, Philippine, but Myanmar. Indonesia played a major part since President Soekarno had played a part in developing Myanmar,” James said.
James added that Cambodia would be the next target after Myanmar to run its business in services sector. “In Cambodia, we’re planning to tap into the country’s health [market]. The next one is banking.”
Source: Tempo Co.