Nawaloka Hospitals PLC is to open its first regional hospital in Negombo next month, in a bid to expand its healthcare operations regionally, According to Nawaloka Hospitals Director/General Manager a 50-bed hospital will be equipped with all diagnostic facilities, a fully equipped ambulance service, a labour room, a 24-hour pharmacy, patients rooms and ample parking facilities.The expansion of roadways and other infrastructure facilities in the country have paved the way to expand our services in the outskirts of Colombo stated by Director / General Manager.
According to the latest annual report of the company, the new hospital will come under Nawaloka Hospitals’ fully owned subsidiary- Nawaloka Medicare Pvt Ltd. The annual report also showed Nawaloka Hospital investing a total of Rs.472 million in Nawaloka Medicare Pvt Ltd, Rs.155 million for purchase of land, Rs.169 million for cost of constructing the building and 147.9 million for other expenses.
The report further said the work on the second regional hospital is also in progress.The two other major players who operate privately owned regional hospitals in the country are Hemas Holdings and Asiri Hospitals group.
Nawaloka also expects to position the hospital in Negombo as a medical tourism destination as ‘’it lies within an area of geographic relevance and importance to the tourist”.
Reap what we have sown; the Nawaloka Hospital PLC announces the Debenture issue opening on 24th September 2013.
Issue of up to 15 million rated unsecure redeemable debentures at face value of Rs.100/-each. To be listed one of the main boards of the Colombo Stock Exchange-
Key features of the Debentures as
Tenure of the Debenture
Interest rate(paid quarterly)
Annual effective rate
Rated ‘A’ by Ram Ratings Lanka Limited
Please refer prospectus for details. Prospectus and application forms are now available with all stockbrokers, branches of NDB bank and NDB investment bank who are the financial advisors and managers to the issue. Application forms can be downloaded from www.cse.lk / www.nawaloka.com and www.ndbib.comall debentures holders will be entitled for the “Nawaloka lifetime privilege Card” which will offer a host of benefits at the Nawaloka Hospital
The Nawaloka Hospital PLC Board of Directors has unanimously resolved to appoint Mr.Jayantha Dharmadasa as New chairmen of Nawaloka Hospital.
The Appointment is effective from 18th August 2011.
Deshamanya H K Dharmadasa
The Deshamanya H K Dharmadasa was the Ex Chairmen of Nawaloka Hospitals and the Founder of the Nawaloka Group of Companies. The Deshamanya H K Dharmadasa was a great inspire to all the Srilanka entrepreneurs and Youths business emerges.
The Deshamanya H K Dharmadasa counts of 66 years of Experience in executive management and 26 years experience in the Healthcare industry in Srilanka.