Lippo Group to focus on healthcare in Indonesia

Indonesia's largest services group, Lippo Group, has signed 10 memorandums of understanding (MoUs) to open the way for it to develop an education, health and technology research center in the Meikarta township project in Bekasi, West Java.

According to the company, Columbia University Medical Center, University College London, University of North Carolina and Genesis Rehab Services, whose representatives signed the MoUs, were expected to help establish the healthcare facilities.

While Columbia University Medical Center will help design a cardiac health center in Meikarta, through the other MoUs the company would develop neurology, cancer and rehab facilities.

Representatives from the World Trade Center, the HTC Corporation, China Telecom, JM Eagle, Zhong Ying Finance and the Lausanne Hotel Management Institute also signed MoUs with Lippo. The total investment of the 10 MoUs is estimated to reach $550 million.

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