This strategic initiative aligns with Danantara Indonesia's streamlining directive to TelkomGroup in strengthening its structure and sharpening its business focus.
JAKARTA, Indonesia, June 4, 2026 /PRNewswire/ -- PT Multimedia Nusantara (TelkomMetra), an operating company of PT Telkom Indonesia (Persero) Tbk (Telkom), has officially signed a Shares Sale and Purchase Agreement (SPA) with the Fullerton Health group of companies (Fullerton Health) regarding the full divestment of PT Administrasi Medika (AdMedika), including its subsidiary TelkoMedika (collectively referred to as AdMedika Group). The SPA between TelkomMetra as the seller and Fullerton Health as the buyer, which was executed on Tuesday (2/6), marks an important milestone in TelkomMetra's portfolio optimization efforts, while positioning AdMedika Group to enter its next phase of growth under Fullerton Health's ownership, including opportunities for regional expansion.
In line with the SOE streamlining aspirations mandated by Danantara Indonesia, this move forms part of the effort to build a more focused, agile, and globally competitive business structure for TelkomGroup. This initiative also represents part of the execution of TLKM 30's medium-term transformation strategy, particularly under the third pillar through the restructuring of non-core business portfolios to strengthen the company's focus on its core telecommunications and digital businesses.
Managing Director Business-2 of PT Danantara Asset Management, Setyanto Hantoro, stated, "This strategic step is aligned with the transformation and SOE portfolio restructuring agenda currently being driven by Danantara to build companies that are more focused, healthier, and globally competitive. Through a well-directed portfolio restructuring strategy and collaboration with global partners such as Fullerton Health, we believe this synergy will strengthen the capabilities of Indonesia's digital ecosystem, particularly in the healthcare sector, while creating sustainable long-term value for all stakeholders."
"TelkomGroup continues to consistently implement its business portfolio restructuring strategy to build a company that is more agile, efficient, and focused on value creation. We view strategic partnerships such as this not merely as a corporate transaction, but as part of a broader effort to create a more optimal business structure, enabling each entity to grow more aggressively while opening wider opportunities for future business innovation," said President Director of Telkom, Dian Siswarini.
Meanwhile, President Director of TelkomMetra, Pramasaleh Haryo Utomo, added, "TelkomMetra views this move as a strategic momentum to strengthen AdMedika's long-term value creation. Under Fullerton Health's ownership, we believe AdMedika is in a solid position to enhance its capabilities, expand its business scale, and gain access to a broader regional healthcare ecosystem, while maintaining the strong foundation that has been built in Indonesia."
AdMedika Group possesses a strong business foundation, technological capabilities, and proven track record in Indonesia's healthcare administration (third party administrator/TPA) industry. As part of Fullerton Health, which has extensive regional experience across the Asia-Pacific region, this collaboration is expected to strengthen AdMedika Group's position as one of Indonesia's leading healthcare administration and managed care providers.
"This acquisition reaffirms Fullerton Health's long-term commitment to Indonesia and our continued investment in building an integrated and scalable healthcare platform. With the integration of AdMedika Group into the Fullerton Health ecosystem, we are strengthening our operational capabilities in healthcare administration services while leveraging the regional network we have established to address the continuously evolving healthcare needs in Indonesia," said Ho Kuen Loon, Group CEO of Fullerton Health.
Through this strategic move, TelkomGroup, TelkomMetra, and Fullerton Health Group aim to strengthen the healthcare and digital services ecosystem in Indonesia, while creating sustainable added value for all stakeholders.
About AdMedika Group
AdMedika Group, acquired by TelkomGroup through TelkomMetra in 2010, is a third party administrator (TPA) company with the largest network in Indonesia, providing claims management solutions, provider network management, and integrated digital health services for corporations, insurance companies, and institutions. As part of the national healthcare ecosystem, AdMedika combines technological excellence with proven operational capabilities to deliver fast, accurate, and transparent services to customers. For more information, visit https://www.admedika.co.id/.
About Fullerton Health
Established in 2010, Fullerton Health is a leading integrated healthcare solutions provider in Asia Pacific. Operating across nine markets, the Group runs approximately 550 healthcare facilities and partners with more than 20,000 providers, delivering end-to-end services spanning managed care, primary care, diagnostics, speciality services and ancillary solutions.
Supported by a workforce of almost 8,000 employees, Fullerton Health serves over 26,000 corporate clients and facilitates beyond 14 million healthcare transactions annually, impacting more than 4 million lives across the region.
Combining clinical excellence, corporate healthcare expertise and digital innovation, Fullerton Health is committed to delivering seamless, accessible and trusted healthcare for all. For more information, visit https://www.fullertonhealth.com/.
CONTACT:
Galih Dzulfiqar
dzulfiqar.galih@edelman.com
896-1992-3673
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TelkomMetra Strengthens Its Business Portfolio Restructuring Strategy, AdMedika Group Ready for Distinct Expansion under Fullerton Health
Intellectual Property disputes professionals named among the world's top experts by IAM.
NEW YORK, June 4, 2026 /PRNewswire/ -- The 2026 IAM Patent 1000 has once again named professionals from Ocean Tomo, a part of J.S. Held, among the world's leading patent experts and expert witnesses. Published annually, the IAM Patent 1000 is widely regarded as the definitive guide to world-class patent expertise, drawing on extensive research that includes interviews with attorneys, patent professionals, and in-house counsel.
IAM reports, "Ocean Tomo, part of J.S. Held, remains a heavyweight in the global IP advisory and damages space, combining deep financial, technical, and licensing expertise with decades of experience handling some of the world's most consequential IP disputes."
Stephanie Giammarco, who oversees Disputes, Valuations, and Financial Advisory services for J.S. Held, adds, "This recognition reflects the role that clear, well-supported economic analysis plays in complex intellectual property disputes. Clients rely on our professionals to translate detailed financial and technical issues into insights that support decision-making in high-stakes matters."
Through its research process over many years, IAM has recognized members of Ocean Tomo's IP Disputes team based on feedback from clients and peers, including:
"Joanne Johnson has a brilliant economic mind and plays an instrumental role in helping clients formulate damages strategies. She implements these strategies into expert reports and supports clients effectively at trial, often contributing to favorable settlements before trial."
"David Kennedy is one of the premier patent damages experts in IP cases in the United States. He is a sought-after professional whose results speak for themselves."
"With over 20 years of experience, Daniel Lindsay is a trusted IP litigation and licensing adviser, supporting clients from early damages assessments through complex negotiations. His analytical precision and negotiation skills consistently achieve strong outcomes."
"Brian Napper is a highly experienced damages expert who brings a deep understanding of emerging trends and developments, along with significant testimony experience in landmark patent cases."
"Todd Schoettelkotte is a highly effective damages expert in patent matters and a compelling presence on the stand, known for his attention to detail and analytical rigor."
"Larry Tedesco is an experienced patent valuation expert whose straightforward advice and market insight support clients in complex engagements."
"With over 25 years of experience, Bryan Van Uden provides expert opinions, testimony, and strategic guidance on the valuation of intellectual property and the economic implications of its exploitation or infringement."
With a client base balanced between plaintiffs and defendants, Ocean Tomo's financial testimony professionals bring experience across a broad range of disputes, particularly in the determination of damages in matters involving intellectual property. Testifying experts draw on decades of litigation and economic analysis experience to evaluate complex financial data, qualitative facts, supporting testimony, and damages-related case law.
Ocean Tomo experts are routinely qualified in U.S. District Courts, U.S. Bankruptcy Courts, U.S. Tax Court, U.S. Court of Federal Claims, state courts, the U.S. Patent and Trademark Office Patent Trial and Appeal Board, international courts, and arbitration tribunals on matters involving intellectual property economics. Their testimony emphasizes a "teaching" approach, communicating key facts and relevant theories in a clear and logical manner to support judicial and jury understanding.
Sharing the announcement on the Ocean Tomo Insights blog, Chief Intellectual Property Officer for J.S. Held and co-founder of Ocean Tomo, James E. Malackowski, notes: "For every expert recognized today by IAM, there are many others who contribute to the success of our testifying experts. We are grateful to IAM for this recognition and, above all, for the team of professionals who continue to develop and refine their work at Ocean Tomo, a part of J.S. Held."
The Ocean Tomo team of accountants, financial professionals, scientists, lawyers, and engineers provides a range of financial and technical services related to intangible assets. Built on more than three decades of experience valuing intellectual property in state, federal, and international forums, the team applies this foundation to matters involving patented inventions, know-how, brands, and copyrights across industries.
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
More than 1,500 professionals serve organizations across six continents, including 84% of the Global 200 Law Firms, 75% of the Forbes Top 20 Insurance Companies (90% of the NAIC top 50 Property & Casualty Insurers), and 71% of the Fortune 100 Companies.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB or Ocean Tomo Investments, a part of J.S. Held, member FINRA/SIPC. All rights reserved.
Contact
Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | Kristi.Stathis@jsheld.com
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Ocean Tomo, a Part of J.S. Held, Experts Named to the 2026 IAM Patent 1000
Ocean Tomo, a Part of J.S. Held, Experts Named to the 2026 IAM Patent 1000
