Wednesday 25 Dec 2024
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SINGAPORE (May 20): The subsidiary of Fullerton Health which is seeking a listing on the Singapore Exchange, on Friday announced it has acquired PT JLT GESA, also known as Medilum.

Medilum is the Indonesia-based provider of managed healthcare and third-party administration services.

The acquisition was made through Fullerton Health's subsidiary Global Assistance & Healthcare (GAH) although the purchase price was not revealed.

“We’re delighted to welcome Medilum into the Fullerton Health family. With Medilum’s expertise in managed healthcare and third-party administration, it is a natural fit for Fullerton Health and we look forward to integrating the company with our existing portfolio in Indonesia,” said Dr Michael Tan, co-founder and group CEO of Fullerton Health in a joint press release by the two companies.

Fullerton Health is reportedly looking to raise $300 million from the Singapore listing.

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