Jakarta - PT Lippo Karawaci Tbk ("LPKR" or "Company"), Indonesia’s leading real estate and healthcare platform by revenues, disclosed today its acquisition of additional shares in PT Siloam International Hospitals Tbk (“Siloam” or “SILO”).
From 29 Mar 2022 to 18 Apr 2022, LPKR acquired 330,416,800 SILO shares at an average price of Rp1,098 per share, implying at 7.95 EV/EBITDA multiple, and a 9% discount to yesterday’s share price. This acquisition of shares increases LPKR’s ownership in Siloam to 57.9%, up from 55.4%.
This increase in ownership is in line with LPKR’s focus on healthcare and sustainability as a key driver of growth and value.
John Riady, CEO of LPKR and Chairman of Siloam Hospitals, commented, "LPKR’s acquisition of additional Siloam shares reflects our strong confidence in Siloam’s growth potential, and demonstrates our commitment to advancing the well-being of those we serve. Healthcare is amongst the most basic human needs, and we are proud of the work that Siloam has done in improving access and quality of healthcare services in Indonesia. It is our hope that LPKR will contribute to creating a sustainable, healthy, and beautiful urban environment for generations to come.”
Siloam is one of the largest networks of private hospitals in Indonesia and is committed to providing highquality and market-leading healthcare services. Siloam currently manages and operates 41 hospitals across Indonesia, generating Rp9.38T in Revenues and Rp1.96T in EBITDA in FY21 – a leader in the industry.
About Lippo Karawaci (“LPKR”) (www.lippokarawaci.co.id)
Listed on the Indonesia Stock Exchange, Lippo Karawaci (“LPKR”) is Indonesia’s leading real estate and healthcare platform, with a presence in 44 cities across Indonesia and total assets of US$3.6 billion at 31 December 2021. Our core business comprises urban residential developments, lifestyle malls and healthcare. We are also actively involved in integrated developments, hospitality, township development and management, as well as asset management services.
As a leading real estate developer and township operator with 1,332 ha of landbank ready for development, LPKR develops and manages urban developments primarily in Java and Sulawesi, including at our flagship township Lippo Village in Tangerang. Through LPKR’s two publicly listed subsidiaries, PT Lippo Cikarang Tbk and PT Gowa Makassar Tourism Development Tbk, of which we own 84.0% and 62.7% respectively, we also develop and manage the townships of Lippo Cikarang in Bekasi and Tanjung Bunga in Makassar.
In addition, LPKR owns 57.9% of PT Siloam International Hospitals Tbk, Indonesia’s leading private hospital network, with 41 hospitals in 30 cities nationwide. Aside from healthcare, we manage 59 malls across Indonesia, and hold a 47.0% stake in Lippo Malls Indonesia Retail Trust, a Singapore-listed REIT with US$1.81 billion of assets under management as of December 31, 2021. We also operate 10 hotels under the Aryaduta brand, including a country club and golf course.
For more information, please contact:
Investor Relations:
Dr. Randi Bayu Prathama
Head of Investor Relations
Randi.Prathama@lippokarawaci.co.id
Mobile: +62811225873
Corporate Communications:
Nuke Prabandari
Head of Corporate Communications
Nuke.Prabandari@lippokarawaci.co.id
Office: +622125569000