Nawaloka invests Rs 1b for hospital
CEO Jayantha Dharmadasa
Nawaloka Hospitals Limited, (NHL) will invest Rs. One billion to
construct their new wing of the hospital in Colombo. This would add 100
more beds for the hospital increasing its capacity to 425.
Deputy Chairman and CEO of the NHL, Jayantha Dharmadasa said that the
eight storied building would be opened by end of April this year. In
addition the new complex would have 12 operating theaters, 35
consultation rooms, a large auditorium for training and lectures and
several other facilities.
“We are also looking at training more nurses,” he said. He added that
profits within the group were utilized for this investment and the new
project would provide employment opportunities for nearly 400 increasing
the staff strength to over 2,000. “The group turnover increased by 19
per cent to Rs. 1,986.7 million the highest level achieved in the
history,” he said.
He said that they had invested over Rs. 120 million to acquire new
technology, as they want to give the best for their patients.
The local private health care business is now getting more
competitive with the annual turn over of around Rs 30 billion.
The major players in the private sector are Nawaloka, Durdens, Asiri,
Asha Central, Apollo and Oasis.
He said that looking back Nawaloka was Sri Lanka’s first purposely
built private hospital and the success of it is due to its investing on
new technology. “The hospital will continue to invest in high
technology, better business practices and improved efficiency methods to
enhance return to our stake holders,” he said.
The company listed under the main board of the Colombo Stock exchange
in 2004 has also tied up with Nexus cardholders, Janashakthi Insurance
and Metropolis Health Service India, one of Asia’s leading laboratory
He said that one of the biggest problems the industry is facing, is
to retain trained medical staff from migrating to Australia, UK and
“In a bid to retain and encourage staff NHL offer a highly
competitive remuneration package. This together with high electricity
costs has rose by almost 14 percent to Rs. 77 million in the last
financial year,” he said.