Medical Moves

Sept 16, 2007 (LBO) – Sri Lanka's newest hospital firm, a part of the Hemas group, is raising capital via a private placement, with their first hospital on track to be opened next year. Hemas Holdings Ltd is one of Sri Lanka's top conglomerates with a focus on five key sectors - FMCG, Healthcare, Transportation, Leisure and Strategic Investments. The Hemas group is opening its first purpose-built 100 bed hospital with surgical facilities in Wattala next August, and is also upgrading its newly acquired Southern Hospital in Galle, at an estimated cost of 400 million rupees.

The shares are being placed among selected investors at 10 rupees, an official told LBO.

Hemas last week also announced plans to enlist a second batch of nursing students at its School of Nursing at Delpe in Ragama.

Nurses who graduate from the Hemas Nursing School would be absorbed into the Wattala and Galle hospitals.

CEO Hemas Hospitals chief executive Kithsiri Edirisinghe says that the new batch will undergo an intensive 3-year training program.

Run by the Associated College of Health Sciences (ACHS), the Nursing School™s first batch comprises 70 male and female student nurses who wil