PT Bukit Asam Tbk (PTBA) and PT Kimia Farma Tbk (KAEF) signed a Memorandum of Understanding to explore cooperation in the pharmaceutical and health services sector. The signing of the Memorandum of Understanding was carried out by the President Director of PT Bukit Asam Tbk (PTBA) Arsal Ismail and the President Director of PT Kimia Farma Tbk (KAEF) David Utama in Jakarta, Thursday (9/11/2023).

PTBA through PT Bukit Multi Investasi (PT BMI) has an affiliate which operates in the health services sector, namely PT Bukit Asam Medika as the manager of hospitals and pharmacies in the PTBA operational area. Meanwhile, KAEF operates in the integrated healthcare sector from upstream to downstream, including manufacturing raw materials for medicines & pharmaceuticals, distributors of health products, pharmacies, health clinics and medical laboratories.

Potential synergies being explored include cooperation related to the installation and distribution of pharmaceuticals, pharmacies and clinics. Apart from that, both parties also agreed on the potential for cooperation in medical equipment and laboratories.