About Hospital Chains sector in Indonesia
The Hospital Chains sector in Indonesia comprises 23 companies, including 9 funded companies having collectively raised $341M in venture capital money and private equity. Out of these, 13 are Series A+ funded.
Hospital Chains sector in Indonesia has seen 5 acquisitions and 6 IPOs. This represents almost 47.8% of all such companies - which is higher than the 4.3% exit rate of tech companies in general.
This sector includes healthcare institutions, with inpatient beds, that are focused primarily on providing secondary and tertiary medical care across a range of medical specialties.
Hospital Chains sector is also known as Hospitals or Hospital Services.
All types of hospital chains including general, single specialty, multi-specialty hospitals, complementary and alternative therapy hospitals, veterinary hospitals. Standalone Hospital, Clinics, Home Healthcare Companies, Rehabilitation Centers, Long-Term Care Centers, Clinical Labs are excluded.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
IPOs
Acquisitions
Also known as
Hospitals or Hospital Services
Top Hospital Chains Companies in Indonesia
There are 23 Hospital Chains startups in Indonesia which include Siloam Hospitals, Hermina Hospitals, BMHS, Mayapada Hospital, Bunda Group. Out of these, 9 startups are funded, with 13 having secured Series A+ funding.
Here is the list of top Hospital Chains startups in Indonesia
Key facts about Siloam Hospitals
- Founded Year: 1996
- Location: Tangerang (Indonesia)
- Stage: Acquired
- Total Funding till date: $165M
- Investors: CVC
- Latest Funding Round: PE, Aug 16, 2016, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 1 of 22 Competitors
Key facts about Hermina Hospitals
- Founded Year: 1985
- Location: Jakarta (Indonesia)
- Stage: Public
- Investors: Quadria Capital, ASTRA and 1 Other
- Latest Funding Round: Post IPO, Apr 20, 2022, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 2 of 22 Competitors

3. BMHS
Key facts about BMHS
- Founded Year: 1973
- Location: Jakarta (Indonesia)
- Stage: Public
- Tracxn Score: 49/100 What is this?
- Competitors Rank: 1 of 2 Competitors
Key facts about Mayapada Hospital
- Founded Year: 2008
- Location: Tangerang (Indonesia)
- Stage: Public
- Total Funding till date: $157M
- Investors: Bain Capital and Rockstead
- Latest Funding Round: PE, Dec 12, 2024, $*****
- Tracxn Score: 49/100 What is this?
- Competitors Rank: 3 of 22 Competitors

5. Bunda Group
Key facts about Bunda Group
- Founded Year: 1973
- Location: Jakarta (Indonesia)
- Stage: Acquired
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 5 of 22 Competitors
Companies founded year-on-year in the Hospital Chains sector in Indonesia
0 Hospital Chains startup in Indonesia were founded in undefined - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
Stage-wise distribution of Hospital Chains sector companies in Indonesia
Out of the total 23 Hospital Chains companies in Indonesia, 9 have secured funding. Among them, 13 have reached Series A or higher, and 13 to Series B or beyond.
Founded - 23
Funded - 9
Series A+ - 13
Series B+ - 13
Series C+ - 12
Company Stage | No. of companies |
|---|---|
Founded | 23 |
Funded | 9 |
Series A+ | 13 |
Series B+ | 13 |
Series C+ | 12 |
Funding Trends in the Hospital Chains sector in Indonesia
Total funding year-on-year in the Hospital Chains sector in Indonesia
The Hospital Chains sector in Indonesia saw a total funding of more than $341M in the last 10 years. The most amount of funding was in 2016 at more than $165M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $157M |
2023 | $17M |
2022 | - |
2021 | $1.42M |
Recent Funding Rounds in Hospital Chains in Indonesia
In the year 2024, till December 2024, Hospital Chains companies in Indonesia have raised $157M in equity funding across 1 round.
In the same period last year (i.e. till July 2023), Hospital Chains companies in Indonesia had raised $17M across 2 rounds.
So, 2024 has seen a 823.53% rise in funding in Hospital Chains companies in Indonesia as compared to 2023.
Here are some recent, important funding rounds in Hospital Chains companies in Indonesia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
PE | 8969 | Dec 12, 2024 | ||
PE | 4708 | Jul 24, 2023 | ||
Series B | 2814 | Jan 03, 2023 | and 1 more | |
Unattributed | 4324 | Oct 31, 2016 | ||
PE | 2832 | Aug 16, 2016 |
Top Investors in Hospital Chains in Indonesia
CVC is the top investor in Hospital Chains companies in Indonesia based on number of companies invested.
Here are some top investors in Hospital Chains companies in Indonesia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
New York City (United States) | ||
Washington, DC (United States) | - | |
Jakarta (Indonesia) | ||
Kuala Lumpur (Malaysia) | ||
Jakarta (Indonesia) |
M&A activity in Hospital Chains sector in Indonesia
In the year 2024, till August 2024, 2 acquisitions happened in Hospital Chains sector in Indonesia.
Here are some recent, important acquisitions in Hospital Chains sector in Indonesia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Aug 07, 2024 | ||
Business Acquisition | May 16, 2024 | ||
Business Acquisition | Oct 06, 2022 | ||
Business Acquisition | Dec 02, 2020 | ||
Business Acquisition | Dec 16, 2013 |
Acquisition trends in Hospital Chains sector in Indonesia
Here are the acquisition trends in Hospital Chains sector in Indonesia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 2 |
2023 | - |
2022 | 1 |
2021 | - |
2020 | 1 |
2019 | - |
2018 | - |
2017 | - |
IPOs in Hospital Chains in Indonesia
In the year 2022, till November 2022, 2 IPOs happened in Hospital Chains sector in Indonesia.
Here are some recent, important IPOs in Hospital Chains sector in Indonesia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 08, 2022 | Indonesia Stock Exchange (IDX) | |
Apr 20, 2022 | Indonesia Stock Exchange (IDX) | |
Jul 06, 2021 | Indonesia Stock Exchange (IDX) | |
May 16, 2018 | Indonesia Stock Exchange (IDX) | |
Mar 24, 2015 | Indonesia Stock Exchange (IDX) |
Top News in Hospital Chains in Indonesia
•
•
Total inpatient numbers fall, SILO profit still rises 19% | IDNFinancialsIDNFinancials•Nov 04, 2025•Siloam Hospitals
•
•
•
•
•
•
•
ADB Invests $25 Million In Quadria Capital’s Third FundVCCircle•Jan 17, 2023•Quadria Capital, Asian Development Bank, SOHO Group, Hermina Hospitals and 2 others
•
Facing a downturn, SRAJ lost IDR 36.32 billion in Q3 2022IDNFinancials•Nov 22, 2022•Mayapada Hospital
