Business Times

Ten more hospitals from Nawaloka

Nawaloka Hospitals PLC is planning to set up 10 more hospitals across Sri Lanka aimed at providing health care at affordable rates, Chief Executive Officer of the company Jayantha Dharmadasa told the Business Times.

Under the first phase of this initiative, five 50-bed hospitals will be built in Negombo, Matara , Panadura and Kandy with an investment of Rs. 750 million, he revealed. Each hospital with all medical facilities including CT scanner will cost Rs.150 million. The construction work of Negambo hospital will begin in April, he said. The company continues to invest over Rs.200 million on an annual basis to upgrade its health care facilities. Navaloka Hospitals group has generated a revenue of Rs.2.84 billion, up 14 % during the 2009/2010 financial year. Profits from operations of hospital have taken an upward turn by 41 % to Rs.415 million, he revealed.

Mr. Dharmadasa said that the private sector has a pivotal role to play in providing health care services as they attend to anywhere from 10 to 15 % of in patients and 60 % of all out –patients on an annual basis. To date there are 619 hospitals operating in the public health services sector with 65,835 beds or 31 beds per 1,000 persons

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