Sri Lanka’s Nawaloka Hospital group enters elder care sector

COLOMBO (EconomyNext) – Sri Lanka’s Nawaloka Hospital Plc, said I will invest 78 million rupees in a joint venture company that will target the elder care market.

Nawaloka Medical Centre (Pvt) Ltd, a wholly owned unit will take a 60 percent stake in Nawaloka Guardina International (Pvt) Ltd, which will be capitalized at 130.37 million rupees, the firm said in a stock exchange filing.

Its joint venture partner Harmony and Fusion International Pvt Ltd, will invest the balance capital.