Subsidiary of PT. Pyridam Farma Tbk (PYFA) Signed a Shares Subscription Agreement with Fullerton Healthcare Indonesia Group
Dr. Fitriani Sukri (Director of PT E-Tirta Medical Center), Dr. Rahmaniwati Sulaiman (President Director of PT E Tirta Medical Center), Alain Durand (President director of Fullerton Health Indonesia Group), Yenfrino Gunadi (Director of PT Pyridam Farma Tbk and PT Pyfa Investama Medika) and dr. Widjanarko Brotosaputro (Director of PT. Pyridam Farma) at the SSA signing on April 21, 2021.
Jakarta, 22 April 2021 – PT Pyfa Investama Medika (PIM) as a subsidiary of PT Pyridam Farma Tbk (PYFA) has signed a share subscription agreement (“SSA”) with Fullerton Health Indonesia Group and Fullerton Healthcare Group Pte Ltd located in Singapore, making PT Pyfa Investama Medika (PIM) a minority shareholder in the Fullerton Health Indonesia Group, which consists of (i) PT E-Tirta Medical Center (EMC), (ii) PT Fullerton Health Indonesia (FHI), (iii) PT Global Assistance Healthcare (GAH), and (iv) PT Global Assistance Medika (GAM).
Yenfrino Gunadi as Director of PT Pyridam Farma Tbk (PYFA) said that “Through the agreement to share shares of Fullerton Health Indonesia Group by PT Pyfa Investama Medika (PIM), the two parties are ready to work together to advance the Indonesian health industry and improve the quality of life of the Indonesian people.” Yenfrino further said that this investment plan aims to expand the business strategy of the PYFA group so that it can generate initiatives and carry out further collaboration with the Fullerton Healthcare Group to provide goods and services related to health that are better and more affordable in the Indonesian market.
Alain Durand as President director of Fullerton Health Indonesia Group added, “Fullerton Health Indonesia Group is optimistic that through this share-taking agreement Fullerton Health Indonesia Group will provide better services to all Indonesian people with the support of PT Pyridam Farma Tbk (PYFA).”
Fullerton Healthcare is one of the leading integrated healthcare platforms to provide affordable and accessible care for all in Asia Pacific. Fullerton Health Indonesia Group is a part of Fullerton Healthcare which has been in various countries such as the Philippines, Singapore, Malaysia, Australia, New Zealand, China and Hong Kong.
PT E-Tirta Medical Center (“EMC”), one of the leading medical check-up service providers which has more than a dozen clinics across Indonesia and provides medical check-ups to its clients in Indonesia;
PT Fullerton Health Indonesia (“FHI”), one of the largest providers of third party administration services and care services in Indonesia for corporates, and providers of claims management in relation to health services;
PT Global Assistance and Healthcare (“GAH”), a leading provider of medical assistance and other health services with a proven track record, which has been around for more than 20 years with more than 4,000 evacuations and more than 30,000 other assistance up to now; and
PT Global Asisten Medika (“GAM”), a company engaged in the clinical field that provides general practitioner or specialist practice services. At the end of last year PT Pyridam Farma Tbk collaborated with Tirta Medical Center to provide a Mobile PCR Lab that meets the health protocol standards set by the World Health Organization (WHO). In the mobile PCR Lab, various virus testing equipment have been provided, such as PCR machines and their supporters, PCR reagent test kits, consumables and PPE. With the presence of the mobile PCR Lab, it is hoped that it can help break the chain of spreading the covid-19 virus by facilitating more flexible examinations and quick results for the people of Indonesia.
About PT Pyridam Farma Tbk.
PT Pyridam Farma Tbk is a pharmaceutical company whose main business is the production and/or distribution of modern and traditional medicines as well as the distribution of medical devices such as laboratory equipment as well as PCR test kits. The company was founded in 1976 and has been a public company and has been listed on the Indonesia Stock Exchange since 2001.
PT Pyridam Farma Tbk. manufactures a wide range of pharmaceutical products such as Antibiotics, Vitamins, Supplements, and Traditional Herbal Treatments. The company has more than 200 products in the form of tablets, caplets, capsules, cream syrups, and ointments. In addition, PT Pyridam Farma Tbk. also manufactures prescription products such as penicillin and non-penicillin antibiotics, and painkillers, as well as non-prescription products for vitamins, cold and cough suppressants, and antipyretics.
About Fullerton
Fullerton Health Indonesia Group, an integrated health company in Indonesia, which offers health services or services for its clients (companies) consisting of medical check-ups, occupational health services, third party administration and care services, medical assistance and special transportation. transport of the sick, as well as other health services.
