Emtek Group's Hospital Achieves Rp138.55 Billion Profit in 2021
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PT Sarana Meditama Metropolitan Tbk, which manages the Omni Hospitals network, recorded revenue of Rp1.27 trillion in 2021. This Emtek Group subsidiary's revenue increased by 56% from Rp816.82 billion in 2020.
This revenue increase enabled the company, with the stock code SAME, to record a net profit of Rp138.55 billion in 2021. This is in stark contrast to the net loss of Rp187.64 billion in 2020.
Sarana Meditama came under the full control of the Emtek Group in 2021. Emtek acquired the company for Rp581 billion in November 2020.
A year later, Sarana Meditama acquired PT Kedoya Adyaraya Tbk, or Grha Kedoya Hospital. The company spent Rp719.5 billion for a 45% stake in Grha Kedoya. In 2022, SAME's ownership in Grha Kedoya increased to 79.84% after a mandatory tender offer.
These two acquisitions mean the Emtek Group now owns three hospital networks: Elang Medika Corpora Hospital (EMC), Omni Hospitals, and Grha Kedoya.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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