SILO WILL OPEN NEW SIX HOSPITAL

[CATEGORY: SEVICES & MEDICAL EQUIPMENT]

PT Siloam International Hospitals Tbk (SILO) are targeting to open six new hospitals in the fourth quarter of this year. Currently, construction is already in the completion phase.

The six new hospitals are located in Bogor, Yogyakarta, Bangka, Lubuk Linggau, Jember and Bekasi. In Bogor and Yogyakarta, Siloam develop a hospital on a large scale. "If in Yogyakarta building is already 100% and Bogor has reached 90%," said Andry, Director of SILO.

These six new hospital expansion makes SILO absorption of capital expenditure this year is quite large. From a budget of US$ 90 million, capex has spent approximately US$ 72 million, or the equivalent of 80%.

In addition to opening the new hospital, Siloam also undertake the development of hospitals in Cikarang. Management Siloam add bed capacity in Siloam Hospitals Lippo Cikarang up nearly 50%, from 108 beds to 160 beds.

The project is estimated to require an investment of up to Rp 12 billion. "The project is estimated to be completed around May 2017," said Andry.

All complete data can be seen at www.tender-indonesia.com

(The source of the Indonesia Oil and Gas, Mining, Electricity, Infrastrcuture, Telecommunication tender project and tender award)