SINGAPORE: Singapore-based private equity firm Kendall Court struck a deal to invest US$55mil in Mandaya Medical International Pte Ltd (MMI), which is building a 420-bed private hospital in Jakarta to expand into the country’s healthcare services sector.
Kendall Court would own a majority stake in the Indonesian company by buying preference shares, the two firms said in a joint statement.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
