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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Dhammika Perera to buy a small 100 beds Hospital in Chilaw and merge it with Nawaloka Services

Dhammika Perera to buy a small 100 beds Hospital in Chilaw and merge it with Nawaloka Services

4 posters

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DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sources say after buying 24% stake in Nawaloka Hospitals Dhammika Perera is to buy another stake in small Private Hospital in Chilaw with 100 beds and then to merge it with Nawaloka Hospitals that will collectively operate three hospitals in the country.

EquityChamp

EquityChamp
Moderator
Moderator

Before merge it DP has to acquire the controlling stake of NHL. Let him do that first.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

EquityChamp wrote:Before merge it DP has to acquire the controlling stake of NHL. Let him do that first
seems he wil buy LHCL also

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Yeah NHL has started something like lab in Negombo. Although there may be a rights issue soon.

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Joe007 wrote:Yeah NHL has started something like lab in Negombo. Although there may be a rights issue soon.

Not just a Lab I saw on my way to Putlam that Nawaloka had built a 50 Bed Hospital Negombo. 

Negombo is said to be having only 3 main Hospitals before Nawaloka came. One is the Base Hospital that is government owned. The new government base Hospital that was built in 2000-2001 era by Chandrika Bandaranaike and then area Minister Jeyaraj has started collapsing last year as Chandrika's Campaign funders and 1994-2004 government contract winners Keangnam Enterprises Co., Ltd has built it in a bad way and in mid-2015 President Sirisena had to go and open a separate section for Negombo New Base Hospital.

The other two are owned by two private consultants coming from Negombo one is Manthri Nursing Home owned by Prof. W.A. Ferdinand and Family and the other is Ave Maria Hospital owned by Dr. Sri Ranjan in Negombo. Dr. Sri Ranjan is also said to be a major stock trader in Colombo Stock Exchange. And some say he sold a major property owned by him in Colombo 07 to Cargills Bank which Cargills uses as the Colombo 07 Branch Office.

The entire Beach stretch and Coastal Towns after Wattala to about Chilaw doesn't have much major private hospitals thus Manthri Nursing Home and Ave Maria Hospital had been thriving for years from the Healthcare Business and after 2014 Nawaloka is also now sharing the Healthcare business. Ragama based Browns Hospital is not having major business as it is located more towards internal areas.

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