Mitra Keluarga Stock Takes Hit as Police Investigate Baby's Death

Mitra Keluarga Karyasehat, Indonesia's largest listed hospital operator by market capitalization, saw more than Rp 1 trillion ($76 million) of its market value wiped off on Monday (11/09), after police announced an investigation into the tragic death of a baby in one of the company's hospitals in West Jakarta. (Antara Photo/Fanny Octavianus)

By : Jakarta Globe | on 2:24 PM September 11, 2017
Category : Business, Corporate News

Jakarta. Mitra Keluarga Karyasehat, Indonesia's largest listed hospital operator by market capitalization, saw more than Rp 1 trillion ($76 million) of its market value wiped off on Monday (11/09), after police announced an investigation into the tragic death of a baby in one of the company's hospitals in West Jakarta.

Mitra Keluarga's shares fell 4.3 percent to trade at Rp 2,020 a piece by the midday break, dragging down its market value to Rp 29.4 trillion from Rp 31 trillion last week.

Jakarta Police spokesman Chief Comr. Argo Yuwono announced the criminal investigation into the death of the 4-month-old baby on Monday.

The baby, called Debora, was admitted to the Mitra Keluarga Kalideres Hospital early in the morning of Sept. 3, but was refused entry to the hospital's intensive care unit because her parents could not afford the down payment to use the facility.

The baby died after waiting for more than six hours at Mitra Keluarga to be transferred to a pediatric intensive care unit of another hospital.

The Ministry of Health and the Jakarta administration's health department announced that they will also conduct their own investigation into the case.

"I have ordered the health department to investigate the hospital to determine it there was a breach of procedure when handling the patient," Jakarta Governor Djarot Saiful Hidayat said on Monday.

Djarot said the hospital's priority should be to save every patient's life.

"Treat the patient the best way possible, regardless whether they have BPJS [state health insurance] or not," he said.

Djarot said the hospital can always call the Jakarta administration to provide a guarantee for any patient's health care bill in the capital.

Health Minister Nila F. Moeloek said everyone, including the media, should refrain from reaching any conclusions about the case and wait for the result of the investigation.

Mitra Keluarga said in a statement over the weekend that the hospital had taken the necessary actions to treat the baby. The hospital added that the baby's mother was reluctant to pay for the treatment provided by the hospital.

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