JAKARTA (TheInsiderStories) - Parent company of OMNI Hospitals, PT Sarana Meditama Metropolitan Tbk (IDX: SAME) plans to acquire infirmary owned by PT Elang Medika Corpora for Rp1.25 trillion (US$85.03 million), it said on Thursday. The issuer will absorbs the shares through a rights issue scheme.
Based on the prospectus, the company will take over 99.99 percent shares Elang Medika with acquisition price Rp1,000 a share. The company is the unit of the integrated media company, PT Elang Mahkota Teknologi Tbk (IDX: EMTK) and indirectly owns the hospital.
EMTEK is a media group controlled by the Sariatmadja family and run two television station, SCTV and Indosiar, through the uni, publicly listed firm, PT Surya Citra Media Tbk (IDX: SCMA). For this acquisition plan, Sarana Medikatama will releases as many as 10.3 billion new shares and to raises Rp1.40 trillion from the corporate action.
In June of 2020, the management of OMNI Hospitals announced that the company’ businesses has hit by the pandemic. The number of patients has decreased and has an impact to the company revenues, said the management.
Over the past year, the company’ revenue fell 44 percent to Rp529.32 billion from the 2018 worth of Rp952.08 billion. The hospital manager also suffered a net loss of Rp114.38 billion after posted made a profit Rp58.88 billion in 2018.
While, Surya Citra Media plans to buyback shares up to 20 percent of enlarged and paid up capital. The company prepared funds worth of Rp1.3 trillion for the corporate action and will be carried out starting Sept. 9 to Dec. 8, 2020.
Last year, one of the larges media in Indonesia has acquired 99 percent of PT Vidio Dot Com shares with values of Rp104 billion from PT Mediatama Anugrah Citra. The provider is a video streaming service that also provides sports, music, entertainment and film content services.
Then, bought 51 percent at PT Kapanlagi Dot Com Network for Rp174.7 billion. The company oversees several online media such as liputan6.com, merdeka.com,kapanlagi.com, fimela.com, bola.com,bola.net, brilio, otosia.com, and dream.co.id.
The issuer also acquired 99 percent of PT Binary Ventura Indonesia shares which owns 60 percent ownerships in PT Estha Yudha Ekatama and 50 percent stake in PT Samara Media Entertainment. Estha Yudha Ekatama owns space ads and Samara Media Entertainment has a film studio business, marketing influencer, event promoter and e-sports with a value of Rp45.45 billion.
In the first half of this year, the issuer earned Rp2.36 trillion in revenues, dropped 14.49 percent compared to 2019 worth of Rp2.76 trillion. The net profit also fell 23.20 percent from Rp782.48 billion to Rp600.91 billion.
In details, revenues from advertising Rp2.71 trillion or a 12.58 percent decreased compared to last year worth of Rp3.10 trillion and other income also fell from Rp281.14 billion to Rp175.87.
US$1: Rp14,700
Written by Editorial Staff, Email: theinsiderstories@gmail.com
