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22 Dec 2023
Swire Pacific and INA Announce Strategic Partnership to Enhance Indonesia’s Healthcare Sector

The initiative marks Swire Pacific’s first healthcare venture in Southeast Asia and INA’s first collaboration in the hospital sector in Indonesia

Swire Pacific Limited (Swire Pacific) and the Indonesia Investment Authority (INA) announced today a strategic partnership with the state-owned Indonesia Healthcare Corporation (IHC). This collaboration underscores a commitment from both Swire Pacific and INA to support the enhancement of IHC’s healthcare services and operations in Indonesia.

IHC comprises 37 majority owned hospitals. It also owns and operates 66 clinics throughout Indonesia.

Swire Pacific’s strategic partnership with IHC has been made as part of Swire Pacific’s strategy to identify new opportunities in the healthcare sector. It adds to Swire Pacific’s growing healthcare portfolio, which is currently focused on the Chinese Mainland.

Guy Bradley, Chairman of Swire Pacific, said: “Swire already has a commercial presence in Indonesia, having invested in a luxury residential development, Savyavasa, located in South Jakarta. We are optimistic about the future growth of the healthcare sector in Indonesia and have been highly encouraged by government support towards the continued development of the sector. The strategic partnership reflects our confidence in and commitment to the further economic development of Indonesia. INA has a wealth of experience in investing for Indonesia’s long-term development. We very much look forward to collaborating with INA and other partners at IHC in delivering healthcare services of the highest standards to the Indonesian people.”

Ridha Wirakusumah, CEO of INA, stated, “In line with INA's strategic focus on healthcare, our collaboration with Swire Pacific and IHC, one of the largest healthcare service providers in Indonesia, aims to address the challenges of Indonesia’s under-penetrated healthcare infrastructure and talent scarcity. Together, we are committed to provide quality healthcare services to the market.

This cooperative effort aligns with INA’s direction towards diversifying its healthcare portfolio. It underscores our goal of enhancing healthcare infrastructure, elevating the quality and accessibility of hospital services across the nation, and ultimately aims to contribute to the improvement of healthcare quality throughout Indonesia."

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About Swire Pacific Limited
Swire Pacific (HKEX: 00019/00087) is a Hong Kong-listed international conglomerate with a diversified portfolio of market leading businesses. The company has a long history in Greater China, where the name Swire or Taikoo (太古) has been established for over 150 years. Swire Pacific's strategy is focused on Greater China and South East Asia, where we seek to grow our core businesses of Property, Beverages, and Aviation, as well as new areas of growth, such as healthcare. Swire Pacific is the largest shareholder in two other listed companies in Hong Kong: Swire Properties Limited and Cathay Pacific Airways Limited. Swire Pacific is listed on the Hang Seng Corporate Sustainability Index, the Dow Jones Sustainability Asia Pacific Index and the MSCI All Country World Index (ACWI) ESG Leaders Index.

Visit Swire Pacific's website at www.swirepacific.com

About Indonesia Investment Authority (INA)
Indonesia Investment Authority is Indonesia's sovereign wealth fund mandated to increase investment to support the country's sustainable development and build wealth for its future generations. INA conducts investment activities and collaborates with leading global and domestic investment institutions in sectors that strengthen Indonesia's advantages and provide optimal risk-adjusted returns. For more information, visit: www.ina.go.id.