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Bain Capital invests $157 million in Indonesia's Mayapada Healthcare Group

- 12/11/2024

</head><body><p>SINGAPORE (Reuters) - U.S.-based private investment firm Bain Capital has invested $157 million in Indonesian private healthcare company Mayapada Healthcare Group, or Sejahteraraya Anugrahjaya Tbk PT, according to a joint statement on Thursday.</p><p>The companies said the investment, made via Bain Capital's special situations strategy, will be used to further expand Mayapada's hospital operations via organic and strategic growth initiatives.</p><p>Bain Capital's special situations team uses a combination of credit and equity strategy and has more than $20 billion in assets under management. </p><p>The investment marks Bain Capital's first in Indonesia, Southeast Asia's biggest economy. </p><p>Southeast Asian healthcare assets are gaining favour as global investors bet on the region's growing affluence and aging population and the sector's ability to weather the current challenging economic environment.</p><p>"Indonesia faces a growing gap between healthcare supply and demand due to demographic shifts like an aging population and rising affluence," said Jonathan Tahir, Mayapada's chairman and Group CEO, in the statement. </p><p>Bain Capital's partner and special situations head of Asia, Sarit Chopra, said the firm had "deep conviction" about Mayapada's continued growth as the private healthcare market in Indonesia is just beginning to develop.</p><p>Founded in 2008, Mayapada operates seven private hospitals across Indonesia, including a flagship hospital in south Jakarta, with more than 1,000 beds, according to the statement.</p><p>It has several projects in the pipeline and plans to operate more than 2,000 beds by 2027, the statement showed.</p><p>Shares of the company have surged 747% year-to-date, according to LSEG data.</p><p>The transaction is targeted to close in early 2025, subject to regulatory and public shareholders approval, the statement said.</p><p>($1 = 4.4300 ringgit)</p><p/><p> (Reporting by Yantoultra Ngui. Editing by Mark Potter)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/aging/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div> <!-- FOOTER --> <footer class="footer"> <!-- FOOTER INFO --> <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <p>The Network of Care is a comprehensive, Internet-based community resource for seniors and persons with disabilities, as well as their caregivers and service providers.</p> </div> <h3 id="lblTechAssistance" style="color: #fff; margin: 25px 0 5px;">For Technical Assistance:</h3> <ul class="list-styled list-contact"> <li><i class="fa fa-envelope" aria-hidden="true"></i><a href="mailto:admin@trilogyir.com?Subject=From Network of Care">admin@trilogyir.com</a></li> </ul> </div> </div> <div class="col-sm-3 col-xs-12"> <div class="useLink"> <ul class="list-unstyled"> <li><a href="/aging/services/index.aspx">Services</a></li> <li><a href="/aging/library/index.aspx">Library</a></li> <li id="footerLinks1PlaceHolder_agingFooterLegislate"><a href="/aging/legislate/index.aspx">Legislate</a></li> <li><a href="/aging/links/index.aspx">Links</a></li> </ul> </div> </div> <div class="col-sm-2 col-xs-12"> <div class="useLink"> <ul class="list-unstyled"> <li id="ucOtherSites_liVisitOtherSites"> <a href="#" id="btnOtherSites" data-toggle="modal" data-target="#otherSiteModal">Visit Our Other Sites</a> <div class="modal fade" id="otherSiteModal" tabindex="-1" role="dialog" aria-labelledby="otherSiteModalLabel"> <div class="modal-dialog" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="otherSiteModalLabel">Visit Our Other Sites</h4> </div> <div class="modal-body"> <div id="other-sites-footer" class="row"> <div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://alameda.nocbeta.org/mh/" class=""><img src="/images/home/products/mh.jpg" alt="Behavioral Health " class="img-responsive center-block"/> Behavioral Health </a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://alameda.nocbeta.org/veterans/" class=""><img src="/images/home/products/veterans.jpg" alt="For Veterans " class="img-responsive center-block"/> For Veterans </a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://alameda.nocbeta.org/aging/" class="currentSite"><img src="/images/home/products/aging.jpg" alt="Seniors and People with Disabilities " class="img-responsive center-block"/> Seniors and People with Disabilities </a></div> </div> </div> <div class="modal-footer"> <button type="button" class="btn btn-default" data-dismiss="modal">Close</button> </div> </div> </div> </div> </li> <li><a href="/aging/about/">About Us</a></li> <li><a href="/aging/feedback.aspx">Feedback</a></li> <li><a href="/aging/privacy.aspx">Privacy Policy</a></li> <li id="footer-widgets"><a href="/aging/services/widget.aspx">Add This Service Directory to Your Website</a></li> </ul> </div> </div> </div> </div> </div> <!-- COPY RIGHT --> <div class="clearfix copyRight"> <div class="container"> <div class="row"> <div class="col-xs-12"> <div class="copyRightWrapper"> <div class="row"> <div class="col-sm-5 col-sm-push-7 col-xs-12"> <!-- Go to www.addthis.com/dashboard to customize your tools --> <div class="addthis_inline_share_toolbox_es1d"></div> </div> <div class="col-sm-7 col-sm-pull-5 col-xs-12"> <div class="copyRightText"> <p>Copyright ©<span id="copyrightYear">2025</span> Network of Care - 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