Sri Lanka’s Nawaloka Hospital Enters Elder Care Service Business


EJune 4, 2015 (LBO) – Sri Lanka’s Nawaloka Medical Centre (Pvt) Ltd, a subsidiary of Nawaloka Hospital signed a memorandum of understanding with Harmony and Fusion International Pvt Ltd to put up elder care service business.

The joint venture will carry out the service under Nawaloka Guardina International (Pvt) Ltd, in which Nawaloka Medical Centre (Pvt) Ltd take a 60 percent stake in, through capitalizing 78 million rupees of investment.

In a filing with the stock exchange, Nawaloka said that the initial share capital of this joint venture company would be 130.37 million rupees.

The balance capital will be invested by the joint venture partner.