Medical Thrust

June 12, 2007 (LBO) – The Hemas group is pushing into the hospital sector with a 2.5 billion rupee investment though bottom line growth this year has been hit by a higher taxs, officials said. The group’s 100 bed hospital in Wattala, off Colombo, is expected to be operational by August 2008, while a newly acquired hospital in Galle is being upgraded to 50 beds with operating theatres and intensive care facilities.

“Hospitals in one sector Hemas will move into in a big way in the years to come,” Chief Executive Hussein Esufally said.

The group was also planning another 50 bed hospital, probably in Kurunegala as part of its hospitals strategy with Columbia Asia which will give the group 200 beds in the next five years.

“The hospital in Galle will not have the same facilities as the one in Wattala but it will be a secondary care facility which will be the best in Galle,” Esufally said.

Though about 400 patients walk into the hospital mainly for channeling, the hospital was not optimizing its lab or pharmacy.

The hospital currently a 20 bed facility was located in a 40 perch block, but Hemas has acquired 100 perches next to it, where a new facility would be built.