Saratoga-backed Indonesian hospital chain Primaya eyes IPO in Q4

Saratoga-backed Indonesian hospital chain Primaya eyes IPO in Q4

Primaya Hospital, a unit of Indonesia-listed investment firm PT Saratoga Sedaya Investama, is said to be targeting its initial public offering (IPO) in the fourth quarter of 2022, a top executive of Saratoga said.

Saratoga’s investment director Devin Wirawan said healthcare is one of the firm’s focus areas and counted Primaya as the strongest entity. “Saratoga invested in Primaya four years ago when it had only four hospitals. Now it has grown to 15 hospitals all over Indonesia,” Wirawan said at a recent webinar.

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