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Myanmar: US$13 million invested in Pun Hlaing Hospital

First Myanmar Investment together with Indonesian conglomerate the Lippo Group via its subsidiary PT Siloam International Hospitals, have invested US$13 million in Pun Hlaing Hospital outside Yangong.

The 100-bed hospital was established in 2005, but the new investment will allow the hospital to increase its number of beds to 165 from mid May.

The hospital was initially 65%/35% owned by SPA Myanmar and First Myanmar Investment. Since March it has been 60%/40% owned by First Myanmar Investment and the Lippo Group.

Although Lippo Group owns the minority share, it has brought US$10 million investment with it as well as Gershu Paul, the former chief executive of Siloam Hospitals, as chief executive of the hospital.
Posted on: 23/04/2015 UTC+08:00


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