FMI, Lippo Rolls Out $420-m Hospital Partnership

First Myanmar Investments Co Ltd (FMI) and Indonesian conglomerate Lippo Group have officially launched a healthcare joint venture with a $420 million national roll out in Myanmar. The joint venture is targeting up to 20 hospitals in its national network over 10 years focusing on the first 12 hospitals within the next three to five […]

Indonesia’s Lippo to Open 12 Hospitals in Myanmar

TEMPO.CO, Jakarta – Lippo Group plans to open 12 hospitals in Myanmar with a total investment between US$400 million and US$500 million, Lippo Group deputy chairman James Riady said on Monday, April 20, 2015, on the sideline of the World Economic Forum event at the Shangri-La Hotel, Jakarta. According to James, the 12 hospitals will […]

Pun Hlaing Hospital gets injection of capital and ideas

IT has been open for more than nine years, but Pun Hlaing Hospital is yet to turn a profit for First Myanmar Investment’s shareholders The company’s management is betting, however, that an injection of US$10 million and a new philosophy on healthcare provision will bring the hospital a new – and profitable – lease on […]