July 04, Colombo: Nawaloka Hospitals PLC, Sri Lanka’s pioneer and premier healthcare service provider, announced that its fully owned subsidiary Nawaloka Medicare (Private) Limited will be expanded.
In a market disclosure, the Nawaloka Hospitals said the Nawaloka Medicare will be constructing a six storied building at the location of No. 200, Colombo Road, Negombo (in front of the current Negombo Hospital building), upon a land taken on long lease of 30 years.
The new building will expand the services of OPD, ETU, Pharmacy, channel consultations and inward patient rooms.
The Construction will commence on 10th July 2020 and is estimated to be completed by June 2021.
Further, the Construction costs of the new building at No. 200, Colombo Road, Negombo which is being undertaken by Nawaloka Medicare (Private) Limited itself, is approximately Rs. 350 million and it does not exceed the threshold which amounts to a major transaction of Nawaloka Medicare (Private) Limited.