Avantgarde Capital - The Best Boutique Investment Bank in Indonesia: Financial Adviser, M&A, IPO, Private Equity , Corporate Restructuring, and Deals

BIMC Hospitals

Date of Completion

December 2013

December 2014

Deal Type

Strategic Sale of an aggregate 100% stake in BIMC Hospitals by its groups of shareholder to Siloam Hospitals Group, completed in two separate transactions

Company Description

Established in 1998, PT Medika Sarana Traliansia (BIMC Hospitals) has grown from a small clinic to a leading hospitals group in Bali which operates two modern hospitals, each strategically positioned at the heart of the densely populated area of Kuta and tourism area of Nusa Dua, Bali. BIMC Hospitals is the first facility of its kind in Bali specifically targeting medical tourists, with international standard teams of doctors, nurses and expatriate technical advisors, state-of-the art medical technology and medical facilities with the interior design and comfort of a resort. BIMC Hospitals has a unique model as it is the first hospital whose patients are mostly covered by worldwide insurance companies.

Our Role and Value Added Services

AvantGarde acted as the sell-side financial adviser to the shareholders of PT Medika Sarana Traliansia in the sale of a total of 100% shares in two consecutive transactions. Through a competitive sale process, Siloam Hospitals Group, a leading hospital chain of the Lippo Group, emerged as the winning bidder and successfully completed the acquisitions of 100% shares in BIMC Hospitals.

AvantGarde assisted the selling shareholders of BIMC Hospitals in developing an effective sale strategy, identifying, approaching and short-listing the potential buyers, organizing a structured and competitive sale process, and managing due diligence processes. We provided comprehensive advice to the sellers in the negotiations of the final terms of the deal and sale documentation, and assisted the clients throughout the process until the closing of the transactions.