Tawada

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 PT Tawada Healthcare (“Tawada” or “the Company”, https://www.tawadahealthcare.com/), established in 1999, is one of the largest medical device distribution company in Indonesia. Tawada has 15 branch offices and operates in over 24 cities across different islands in Indonesia. Tawada has a central warehouse (about 3000 sqm, two stories) located in Cikupa, Tangerang Regency, and the headquarter and each branch office have small warehousing storage capacity. The company owns some motorcycles and vans for delivery services within the city area. Tawada’s principal business is distribution of medical devices and healthcare consumables including: (i) healthcare consumables distribution (i.e. films, syringes, stents, dialysis solution) and (ii) capital equipment distribution (i.e. diagnostics, gastro & surgery equipment, microsurgery machines, amongst others).  Tawada has following group companies: AIC Medical Clinic, PT THC Martin Indonesia, THC Martin Industri, THC Medika Industri, and Triputra Aman Makmur and two of them are manufacturing entities. - THC Martin Industri, finishing surgical instruments locally such as forceps, retractors, bowl and tray. - THC Medika Industri, providing water treatment solution to hospitals by assembling reverse oasis filtration system and producing hemodialysis solution.IFC proposes an equity investment in Tawada of up to US$15 million equivalent in Indonesian Rupiah (IDR).  IFC investment will be used to support the company’s capital expenditure for development of its manufacturing facility, acquisitions, and working capital including: (i) the acquisitions of one or several companies with medical device distribution and/or manufacturing capabilities that will leverage the Company’s existing platform; (ii) capital expenditure to build its manufacturing capabilities (about 2 ha) in an industrial park, in Batang Central Java Province; and (iii) to fund the company’s working capital needs.