PT Multimedia Nusantara (TelkomMetra), a subsidiary of PT Telkom\nIndonesia (Persero) Tbk (Telkom), has signed a Conditional Share\nPurchase Agreement (CSPA) marking a significant and strategic step\ntowards the full divestment of PT Administrasi Medika (AdMedika),\nincluding its subsidiary TelkoMedika (collectively referred to as\nAdMedika Group), to Fullerton Health.<\/p>\n
This move aligns with the streamlining of state-owned enterprises\nmandated to TelkomGroup, forming a key focus of the TLKM 30\ntransformation pillar.<\/p>\n
As part of implementing TelkomGroup\u2019s transformation strategy, this\nportfolio restructuring and streamlining effort seeks to strengthen\nfocus on core business in the telecommunications and digital sectors. It\nsimultaneously creates opportunities for AdMedika Group to expand more\nbroadly at both national and regional levels.<\/p>\n
AdMedika Group, a technology-based healthcare administration services\n(third-party administrator\/TPA) provider, has a strong track record in\ndelivering claims management solutions and health services to\ncorporations and institutions across Indonesia.<\/p>\n
Given the increasingly competitive dynamics of the healthcare and\ninsurance industries, the sustainability and accelerated development of\nAdMedika Group is deemed more optimal when supported by a strategic\npartner shareholder with business alignment to AdMedika Group\u2019s\noperations.<\/p>\n
TelkomMetra Chief Executive Officer Pramasaleh Haryo Utomo stated\nthat signing the CSPA with Fullerton Health represents a step towards\nthe full divestment of AdMedika Group. \u201cThis is a decision made in a\nmeasured manner, prioritising the principles of Good Corporate\nGovernance, through comprehensive business considerations and aligned\nwith TelkomGroup\u2019s transformation to strengthen focus on core business\nand create long-term value,\u201d he said in a statement on Monday (9 March\n2026).<\/p>\n
The CSPA between TelkomMetra as seller and Fullerton Health as buyer\nwas signed on 4 March 2026.<\/p>\n
Ho Kuen Loon, Group Chief Executive Officer of Fullerton Health,\nstated that the acquisition reflects the company\u2019s commitment to\nstrengthening its presence and contribution in Indonesia\u2019s healthcare\nservices landscape.<\/p>\n
AdMedika has been maturely developed within TelkomGroup into a\ntrusted and highly comprehensive healthcare administration platform,\nbuilt on strong governance, digital innovation, and clinical discipline.\n\u201cThese qualities align with the capabilities and values we hold. We view\nthis acquisition as important for expanding access to high-quality\nhealthcare services for Indonesians and the broader regional community,\u201d\nHo said.<\/p>\n
He added that the acquisition opens opportunities to enhance service\nquality and meet the evolving needs of patients, clients, and partners\nthroughout Indonesia.<\/p>\n
Fullerton Health, as the new owner of AdMedika Group following\nacquisition completion in accordance with the CSPA, possesses deep\nregional experience and proven operational capability across various\nhealthcare services and benefits markets in Asia.<\/p>\n
The combination of both organisations\u2019 strengths creates a broader\nplatform for growth. This pairs AdMedika Group\u2019s strong foundation in\nthe domestic market with Fullerton Health\u2019s regional expertise in\nmanaged care, healthcare provider networks, and digital health.<\/p>\n
This positions the expanded platform to grow more effectively, drive\ninnovation, and strengthen AdMedika Group\u2019s leadership position in TPA\nsolutions in Indonesia, whilst opening the way for future expansion\nacross the wider region.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/telkommetra-restructures-business-portfolio-as-admedika-group-enters-regional-market-under-fullerton-health-1773039220", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }