General hospitals
- Independent general hospitals of 50 to 100 beds
- District and secondary-city hospitals
- Hospitals serving national health insurance patients
Healthcare
Healthcare Providers
Private hospitals and specialty clinics, built into regional groups.
Why we invest
Demand for care is growing faster than hospitals can be built. Many good hospitals are founder-owned and need capital, modern equipment and digital systems to keep up with new rules and more patients.
What we look for
Subcategories.
Priority Where our ecosystem gives the strongest advantage.
Focused hospitals
- Mother and child hospitals
- Orthopaedic and surgical hospitals
- Cardiac and cancer centres
Specialty clinics
- Eye clinics
- Dental clinics
- Dialysis centres
- Fertility and IVF clinics
Outpatient care
- Primary care clinic networks
- Day surgery centres
- Imaging and diagnostic centres
Hospital upgrades
Priority- Diagnostic equipment such as CT and MRI
- Hospital information systems and SATUSEHAT integration
- Water, sanitation and medical waste systems
- Facility expansion and renovation
Investment focus
Three types of hospital and clinic, starting in Indonesia.
50 to 100 beds
Independent general hospitals
Founded by local doctors or families, often ready for succession or a growth partner.
What we bring
- Capital for diagnostic equipment such as CT and MRI
- Capacity to serve more national health insurance (BPJS) patients
- Management, procurement and reporting systems
30 to 60 beds
Mother and child hospitals
Focused hospitals with strong patient loyalty and a high share of private and insured patients.
What we bring
- Capital to add beds, theatres and neonatal care
- Expansion into new cities under one brand
- Shared purchasing and back-office services
5 to 10 beds
Specialty clinics
Eye, dental and other specialty clinics that can be repeated quickly in new locations.
What we bring
- Capital to open new sites
- A standard model for equipment, fit-out and staffing
- Central booking, records and quality systems
Due diligence
What we check before we invest.
01
Licences and conformity
Operating licences, permits and any conformity work required under current health regulations are complete and valid.
02
Land and buildings
Clear, contiguous title to the land and buildings, with commercial rights such as Hak Guna Bangunan in place.
03
Digital health
Patient records can connect to SATUSEHAT, the national health data platform, or the cost of upgrading is known.
04
Payers and contracts
A clear mix of BPJS, private insurance and self-paying patients, with contracts in good standing.
05
Clinical quality
Accreditation status, clinical outcomes and patient safety records.
06
Doctors and staff
Senior doctors who stay, with fair agreements and a plan for succession.
How we add value
More than capital.
Equipment
Funding and group purchasing for diagnostic and theatre equipment.
Systems
Hospital information, medical records and SATUSEHAT integration.
Facilities
Building upgrades, water, sanitation and medical waste systems.
Management
Finance, procurement and reporting that meet investor standards.
Structures
How deals are shaped.
Majority partnership
We acquire a controlling stake. Founding doctors keep a share and clinical leadership.
Growth capital
A minority investment to fund new beds, services or equipment.
Roll-up platform
Several clinics or hospitals joined under one brand and one set of systems.
Portfolio in this industry
No portfolio company here yet. We are looking for our first investment.