Investment Opportunities In Indonesia’s Healthcare Sector

DealStreetAsia covers the private capital industry and the business of startups across Asia. In a recent article they suggest that healthcare in Indonesia is at crossroads. Rising income levels coupled with an already large and growing working population are driving the demands for higher quality healthcare services, and as such, now is the ideal time for the private sector to step in and disrupt the existing healthcare system with innovative business models.

The article goes on to say that a prime example of how this disruption is playing out is SALT Ventures portfolio company Kehamilan Sehat’s approach to tackling some of the pertinent challenges that Indonesia’s healthcare system faces today.

With a specific focus on making quality maternity care available and affordable for all, via its chain of world class but cost efficient maternity care clinics, Kehamilan Sehat is on its way to solving a critical problem for Indonesians.

Founded in 2019, SALT Ventures is a homegrown venture capital firm that currently has USD 110-million in assets under management and has built a portfolio of 19-companies spanning diverse businesses from direct-to-consumer brands and digital content to ed-tech and healthcare, say DealStreetAsia.

In January 2023, DealStreetAsia in association with SALT Ventures hosted an exclusive discussion at the PE-VC Summit in Jakarta to showcase the rise of opportunities in Indonesia’s healthcare sector and explore how investors such as Investcorp and SALT Ventures are approaching these opportunities.

An executive summary, prepared by DealStreetAsia in collaboration with SALT Ventures (ahead of the soon to be released comprehensive report), on the healthcare system in Indonesia with a focus on opportunities for investment and private sector participation served as a basis for this insightful conversation.

Danny Sutradewa Founder and Managing Partner of SALT Ventures; Yongky Oktavianto, Vice President at Investcorp, the largest alternative assets manager from the Middle East, and Prof.  Dr. Johanes C Mose, Head of the National Medical and Ethical Committee at Kehamilan Sehat sat down with DealStreetAsia’s representative moderator Snigdha Sengupta for a riveting discussion on the topic.

To read the full conversation published by DealStreetAsia, follow this link.

Source: DealStreetAsia

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Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

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Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.