Sido Muncul to acquire pharmaceutical company
Bareksa • 20 May 2014
Pekerja meracik bahan dasar pembuatan obat herbal di Pabrik PT Sido Muncul, Kabupaten Semarang, Jateng, Jumat (2/5) - (ANTARAFOTO/R. Rekotomo)
Healthcare insurance in Indonesia will lead to a tremendous rise in healthcare spending
The Jakarta Post - PT Industri Jamu dan Farmasi Sido Muncul, Indonesia’s biggest jamu (herbal medicine) producer, plans to acquire a pharmaceutical company for around Rp 150 billion (US$13.13 million).
Sido Muncul is doing due diligence on PT Berlico Mulia Farma, which has more than 80 products including as cough syrup, vitamins and indigestion pills, and may expand further in the pharmaceutical sector, Sido Muncul president director Irwan Hidayat told Reuters.