Lanka Hospitals to expand network of medical centres, pharmacies

ECONOMYNEXT – Lanka Hospitals, a listed Sri Lankan hospital, said expanding its presence both within the country and overseas is a priority this year, having set up its first units overseas and outside the capital Colombo last year.

Demand for private healthcare is expected to continue its upward trend in 2019 and key players will continue to invest in expanding their offering, Lanka Hospitals chairman Sarath Paranavitane said.

“We will continue to grow our presence in 2019 as expansion is a priority,” he told shareholders in the company’s annual report for 2018.

The hospital opened its first local medical and channelling centre in the southern town of Galle in 2018 which Paranavitane said “will also serve as a pilot for our domestic expansion forecast to pick up pace in 2019.”

Group chief executive Prasad Medawatte said continuous expansion of capacity and services at the hospital’s main locations remain a key focus but “present significant challenges due to availability of space.”

The company plans to expand operations beyond Colombo through increasing capacity and creating “centres of excellence for specialities”, he said.

Plans include setting up six new medical centres with pharmacies and five more pharmacy outlets in the suburbs of Colombo.

Paranavitane said the pharmacy division increased its presence to 21 outlets in 2018 while Lanka Hospital Diagnostics opened six locations during the year, taking the total number of company-owned collection centres to 23.

Medawatte said the company expanded operations overseas and locally as it “pursued our growth aspirations.”

The company has “an ambitious plan to deliver multifaceted growth in our present location as well as in new locations within the country and overseas.”

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Lanka Hospitals opened a fully fledged medical centre in the Seychelles in 2018 under an agreement with the Health Care Agency of Seychelles.
(COLOMBO, April 30, 2019-SB)
 

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