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"An expansion plan to add two more hospitals to the chain is well underway and we have been successful in securing a land at Battaramulla to construct our third hospital," Esufally told shareholders in a quarterly review.
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The group's hospitals had seen a 26 percent increase in revenue in the June quarter and its main 100-bed hospital in Wattala had broken even in June 2011.
Hemas also has a 50 bed hospital in Galle in Sri Lanka's south.
Hemas has started a program with Sri Lanka's Open University and Aquinas University College to train 250 nurses a year.
Hemas said its healthcare sector revenues grew 16 percent to 1.8 billion rupees in the June quarter driven by pharmaceuticals.
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Pharmaceutical sales had increased 14 percent. The group says it has a 16.3 percent share in the private pharmaceutical distribution sector.