Asiri Hospital first off the block at Port City with $ 100 m investment

 Softlogic Holdings Founder, Chairman and Managing Director Ashok Pathirage (left) exchanges the preliminary agreement entered into with Colombo Port City Economic Commission Chairman Dinesh Weerakkody. Asiri Hospital Holdings CEO Manjula Karunaratne, CHEC Port City Colombo Managing Director Houliang Jiang are also present

• Signs preliminary deal to put up 500 plus bed modern facility in partnership with an international corporation globally renowned for its innovative treatment options
• Softlogic Holdings Founder and Chairman Ashok Pathirage says move a significant milestone in Sri Lanka’s journey towards developing and attracting medical tourism

Asiri Port City Hospital Ltd. has entered into an Agreement to lease with The Colombo Port City Economic Commission, for the development and operation of a state of the art hospital with 500 plus bed capacity with an estimated investment of $ 100 million within the Port City Colombo (PCC).

The venture is in-line with the Master Plan of the Colombo Port City Economic Commission of Sri Lanka.

The proposed hospital will be one of the four main strategic and large scale social infrastructure development projects identified within the Port City Colombo.

Subject to conditions precedent to be completed by the parties, the Colombo Port City Economic Commission and the Asiri Port City Hospital Ltd. intends to enter into an Indenture of Lease for 99 year leasehold rights for the development and operation of the proposed hospital.

Asiri Port City Hospital Ltd. is a fully owned subsidiary of Asiri Hospital Holdings PLC led by Softlogic Group Founder and Chairman/Managing Director Ashok Pathirage.

Asiri Hospital Holdings is the largest private healthcare provider in Sri Lanka, renowned for offering Sri Lanka’s most empathetic, technologically driven and cutting-edge health care services. Asiri Hospital Holdings commenced operations in 1986 and currently operates 11 other medical facilities around the country and collectively has over an 800-bed capacity.

The project company, Asiri Port City Hospital Ltd. has partnered with an international corporation globally renowned for its innovative treatment options, who will provide strategic and/or operational consulting services to Asiri Port City Hospital Ltd. The proposed hospital is intended to deliver innovative and state of the art healthcare solutions and unique patient care services in promoting health through integrated clinical practice, education and research and will engage local and international medical experts and specialists who will be supported by internationally trained and experienced nursing and medical care staff.

Softlogic Group Founder and Chairman/Managing Director Ashok Pathirage said: “This new venture by the Asiri Hospitals of the Softlogic Group in Sri Lanka is a significant milestone in the country’s journey towards developing and attracting medical tourism to Sri Lanka. It is pivotal for Sri Lanka at this juncture, to aspire and be bold in taking the initiative to help revamp the country’s healthcare sector to newer heights and becoming Asia’s preferred medical tourism destination and in the process contribute to re-engineer the economic and social development in Sri Lanka.”

Asiri Hospital Holdings share price yesterday gained by Rs. 1.20 or 4.7% to Rs. 26.70. There was no trading of shares of Softlogic Holdings.

Softlogic Holdings PLC is one of Sri Lanka’s largest diversified conglomerates with leading market positions in growing economic sectors in retail, healthcare, ICT, automobiles, leisure, and financial services. Softlogic holds authorised distributorships for key global brands and employs over 11,000 employees at its offices in Sri Lanka and Australia today.