Tuesday, January 26, 2010

Telkom acquires AdMedika

PT Multimedia Nusantara (METRA), a subsidiary of PT Telekomunikasi Indonesia (TLKM) Tbk has signed conditional sales purchase agreement to acquire 75% shares of PT Administrasi Medika (AdMedika), a foreign-owned company in electronic healthcare network service in Jakarta.
The agreement was signed by Metra CEO Alex J. Sinaga and shareholders of AdMedika, represented by Sofian Sutantio, Ravi Kanason, and Shia Kok Fat. TLKM expects closing of this acquisition by the end of next month. Unfortunately total consideration of this acquisition is not disclosed.
AdMedika is the largest provider of healthcare administration in Indonesia. The acquisition is part of TLKM's transformation to become a TIME (telecommunication, information, media, and edutainment) company.
AdMedika has 1.2 million members with reported market share of 12% in e-health industry. The company works with 717 health providers and 26 insurance companies.




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