By Hiran H. Senewiratne
Sri Lanka's diversified conglomerate Hemas Holdings has expressed interest in acquiring a stake of state-owned Lanka Hospitals Corporation.
In a stock exchange filing Friday the company said they have noted the interest expressed by the government in disposing of shares in ventures such as Lanka Hospitals Corporation PLC.
Finance Minister Ravi Karunanayake said in his budget speech recently that some state enterprises will issue their stakes in order to increase private sector efficiency. Therefore, several entities, including Lanka Hospitals, Insurance Corporation and other entities are listed in the Colombo Stock Exchange, keeping the government holding or ownership.
Head of Group Sustainability and Corporate Communications at Hemas Holdings PLC Shiromi Masakorala said as a group, the company has been exploring opportunities in the sectors they operate in.
"We have been in the healthcare sector for a number of years as an innovative leader and have won the hearts and minds of our customers, she said.
The firm expressed confidence in their ability to contribute significantly to Sri Lankan healthcare services. "This was only for an expression of interest to purchase the stake in Lanka Hospitals, nothing concrete has come out, she said.
Healthcare sector of the company recorded revenues of Rs. 8.8 billion, a growth of 32.4 per cent over the same period last year, while the sector's operating profit increased by an impressive 25.1 per cent to reach Rs. 741 million.
Sector revenue was largely driven by the positive performance of the local pharmaceutical distribution business together with the performances of the two hospitals at Wattala and Thalawathugoda.
The pharmaceuticals business posted an 18.9 per cent growth in revenue, strengthening Hemas' market leadership position and increasing its market share to 19.2 per cent.
Sri Lanka's diversified conglomerate Hemas Holdings has expressed interest in acquiring a stake of state-owned Lanka Hospitals Corporation.
In a stock exchange filing Friday the company said they have noted the interest expressed by the government in disposing of shares in ventures such as Lanka Hospitals Corporation PLC.
Finance Minister Ravi Karunanayake said in his budget speech recently that some state enterprises will issue their stakes in order to increase private sector efficiency. Therefore, several entities, including Lanka Hospitals, Insurance Corporation and other entities are listed in the Colombo Stock Exchange, keeping the government holding or ownership.
Head of Group Sustainability and Corporate Communications at Hemas Holdings PLC Shiromi Masakorala said as a group, the company has been exploring opportunities in the sectors they operate in.
"We have been in the healthcare sector for a number of years as an innovative leader and have won the hearts and minds of our customers, she said.
The firm expressed confidence in their ability to contribute significantly to Sri Lankan healthcare services. "This was only for an expression of interest to purchase the stake in Lanka Hospitals, nothing concrete has come out, she said.
Healthcare sector of the company recorded revenues of Rs. 8.8 billion, a growth of 32.4 per cent over the same period last year, while the sector's operating profit increased by an impressive 25.1 per cent to reach Rs. 741 million.
Sector revenue was largely driven by the positive performance of the local pharmaceutical distribution business together with the performances of the two hospitals at Wattala and Thalawathugoda.
The pharmaceuticals business posted an 18.9 per cent growth in revenue, strengthening Hemas' market leadership position and increasing its market share to 19.2 per cent.
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