SINGAPORE, Dec 12 (Reuters) - U.S.-based private

investment firm Bain Capital has invested $157 million in

Indonesian private healthcare company Mayapada Healthcare Group,

or Sejahteraraya Anugrahjaya Tbk PT, according to a

joint statement on Thursday.

The companies said the investment, made via Bain Capital's

special situations strategy, will be used to further expand

Mayapada's hospital operations via organic and strategic growth

initiatives.

Bain Capital's special situations team uses a combination of

credit and equity strategy and has more than $20 billion in

assets under management.

The investment marks Bain Capital's first in Indonesia,

Southeast Asia's biggest economy.

Southeast Asian healthcare assets are gaining favour as

global investors bet on the region's growing affluence and aging

population and the sector's ability to weather the current

challenging economic environment.

"Indonesia faces a growing gap between healthcare supply and

demand due to demographic shifts like an aging population and

rising affluence," said Jonathan Tahir, Mayapada's chairman and

Group CEO, in the statement.

Bain Capital's partner and special situations head of Asia,

Sarit Chopra, said the firm had "deep conviction" about

Mayapada's continued growth as the private healthcare market in

Indonesia is just beginning to develop.

Founded in 2008, Mayapada operates seven private hospitals

across Indonesia, including a flagship hospital in south

Jakarta, with more than 1,000 beds, according to the statement.

It has several projects in the pipeline and plans to operate

more than 2,000 beds by 2027, the statement showed.

Shares of the company have surged 747% year-to-date,

according to LSEG data.

The transaction is targeted to close in early 2025, subject

to regulatory and public shareholders approval, the statement

said.

($1 = 4.4300 ringgit)