Melstacorp to enter into health care industry in Sri Lanka

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Aug 21, 2018 (LBO) – Melstacorp is to enter into the healthcare industry in Sri Lanka shortly through the subsidiaries incorporated to undertake such activities, the company said in a stock exchange filing.

This would involve management of hospitals, operating diagnostics centers and involvement in related healthcare institutions as and when the opportunity arises.

Diversified Melstacorp said the initial initiative would involve in setting up the diagnostic infrastructure and the management of selected hospitals.

“We have incorporated a holding company namely Melsta Health (Private) Limited through which investments in health-related fields would be made,” Melstacorp said.

“Further disclosure would be made to the Colombo Stock Exchange as and when other plans are finalized.”

Melstacorp added that the investment in the healthcare industry does not amount to a major transaction.