Hospital Strategy

Oct 19, 2010 (LBO) – Sri Lanka™s Asiri Hospital has bought a 10 percent stake in Asiri Surgical Hospital for 500 million rupees increasing its stake to 40 percent, managing director, Ashok Pathirage said. State-run Sri Lanka Insurance Corporation sold the stock for 9.50 rupees a share Tuesday, he said.

SLIC had a 22 percent stake in Asiri Surgical before the sale.

Pathirage said the latest purchase was part of a strategy to consolidate hospital units in the group under Asiri Hospitals.

Asiri Hospital shares rose 10 cents or 1.18 percent to 8.60 rupees after the sale.

To read more go to Lanka Business Report