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* Asiri Hospital Holdings buys 100 percent stake in Hemas Southern Hospitals
Tue, Nov 6, 2018, 11:47 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 06, Colombo: Hemas Hospitals yesterday announced the divestiture of Hemas Southern Hospital, taking a significant step to intensify its growth strategy and new business lines.

In a stock market filing yesterday, Hemas Holdings PLC announced that, its subsidiary Hemas Hospitals (Pvt) Ltd, has disposed of its entire 100% shareholding in Hemas Southern Hospital (Pvt) Ltd for a purchase consideration of Rs. 450 million to Asiri Hospital Holdings PLC.

The transaction took place on 02nd November 2018.

"We identified Asiri Group of Hospitals as the best fit due to their capability of providing high quality patient care and we are confident that they will continue to develop the hospital. All our employees will continue to remain under the new ownership. We thank the staff, medical community and our loyal patients and wish the team and Asiri every success in the future," said Hemas Hospitals Managing Director Dr. Lakith Peiris.

Subsequent to the divestment, the Hemas Hospitals group will continue to focus its efforts on developing tertiary capability in the remaining two main hospital assets - Hemas Thalawathugoda and Hemas Wattala, both with a combined bed capacity of 184, and an island-wide laboratory network of 34 diagnostic laboratories.

Going forward, Hemas Hospitals in Thalawathugoda and Wattala will evolve into super-specialty medical and healthcare, state-of-the-art facilities, providing for critical care.

Hemas Labs will transform as one of the most technologically-advanced laboratories in Sri Lanka, servicing the country and selected foreign markets. In addition, Hemas Hospitals plans to expand their business to international markets.

Hemas Hospitals is a subsidiary of Hemas Holdings PLC, one of Sri Lanka’s fastest growing conglomerates which touches the lives of millions of loyal customers, every day, via its renowned wellness, leisure and mobility services.


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