Singapore-Indonesia hospital

Sat, 25 Jun 1994 | Source: AFP

SINGAPORE (AFP): Gleneagles International, which operates one of Singapore's major private hospitals, has drawn up plans to build a third joint-venture hospital in Indonesia, it was announced here.

A statement from Gleneagles said the S$43 million (US$28.2 million) hospital, expected to start in 1996-97, would be a tie- up with PT Royal Sentul Highlands of Indonesia.

The majority 60 percent stake in the joint venture would be held by PT Gleneagles Hospital Corporation, a tie-up between Gleneagles Development, a subsidiary of Gleneagles International and PT Sentra Goldhill Businesspark, a member of Indonesia's Lippo Group.

Royal Sentul Highlands will hold the remaining 40 percent stake in the venture.

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