Jumbo Transaction! Siloam Acquires Hospital Assets Worth Rp9 Trillion

PT Siloam International Hospitals Tbk (SILO) has undertaken a significant corporate action by acquiring several hospital property assets with a transaction value of around Rp9 trillion. The company disclosed this in a material facts report to the Financial Services Authority (OJK) and the Indonesia Stock Exchange (BEI) on Wednesday (1/3/2026). In the document, management explained that the transaction involves purchasing shares from entities affiliated with First Real Estate Investment Trust (First REIT), based in Singapore. The transaction will be executed in two stages. In the first stage, SILO along with its subsidiary PT Megapratama Karya Bersama (MKB) will acquire shares in companies owning the hospital assets. The second stage will proceed via a put option scheme. The total transaction value is recorded at Rp9 trillion, with approximately Rp5.12 trillion for the first stage and Rp3.88 trillion for the second. The assets involved include Siloam hospital properties in various areas, such as Lippo Village, Kebon Jeruk, Manado, Denpasar, Purwakarta, Kupang, Palembang, and Baubau. Through this transaction, SILO essentially acquires ownership of hospital assets previously held by other entities, thereby increasing the company’s direct control over its property portfolio. For funding, the company stated it will utilise external sources in the form of syndicated credit facilities to support the transaction. Management views this corporate action as aligned with the company’s business expansion strategy and anticipates positive impacts on performance and stakeholders. Additionally, the transaction is said not to have a material impact on the company’s cash flow in the short term. As a material transaction, its execution will remain subject to regulatory provisions, including obtaining approval from the Shareholders’ General Meeting (RUPS).