Standard Chartered Private Equity (SCPE) will invest up to US$50 million in the development of PT Elang Mahkota Teknologi Tbk (Emtek) healthcare business in Indonesia.

Emtek is expanding its investments in Indonesia's healthcare sector via its subsidiary, Emtek Medika Corpora (EMC).

In this partnership, Emtek and SCPE aim to provide world-class healthcare services to the Indonesian population through EMC's chain of hospitals. The chain is being developed by acquisitions and greenfield development of new medical facilities, leveraging Emtek and Standard Chartered's international and domestic networks.