Ceylon Hospitals Ltd., the owning company of Durdans Hospitals, plans to use some of its IPO proceeds to expand its satellite labs.
The hospital is raising Rs. 240 mn this month to retire some debt, add another 27 beds and put in new state-of-the-art equipment.rn
rnThe hospital is offering 4.5 mn voting shares at Rs. 25 and 6.375 mn non-voting shares at Rs. 20 each to the public this month, its Chairman Ajith Tudawe told journalists. rn
rnA bulk of Durdans revenues comes from Cardiac, Obstetrics, Paediatrics and Diagnostic services.rn
rnDurdans, which was one of the first private healthcare firms to start operations in 1945, reported a post tax profit of over Rs. 60 mn during the last financial year. rn
rnToday, Durdans has a capacity of 125 beds with clinical departments housed in nine wards. A state of the art intensive care unit, a coronary care unit, an emergency treatment unit, a surgical intensive care unit and four operating theatres are also part of the hospital complex.rn
rnIn its dr