Asiri Hospitals makes impact in sector

Asiri Hospitals will consolidate its position with the takeover of Asha Central Hospitals PLC which will have a major impact on the hospital sector, said Director, CEO Asha Phillip Dimuthu Abeysekera.

He said Asiri Hospitals intends gaining more ground in the hospital sector with the takeover of Asha Central and also with plans to set up another hospital at Norris Canal Road.

"The market has been gaining momentum during the past few days due to the prices of Asha Central Hospital shares," Abeysekera said.

He said the market is expected to grow if peace talks resume.

The management of Asha Central Hospitals PLC changed hands on the Colombo Stock Exchange on Thursday for Rs. 1.8 billion with a consortium comprising Asiri Hospitals, Asiri Surgical and Soft Logic Holdings.

The consortium acquired 81.56 percent stake of the issued share capital of Asha Central Hospitals with a mandatory offer to be made for all the remaining shares of the hospital at Rs. 98.75 per share.

It is said that through a synergy of the hospitals and also Asiri Hospitals having the best laboratories a quality service could be expected in addition to the use of human resources.

According to sources, Asiri Hospitals had bought 43.046 percent of nearly 82 percent of Asha Central on offer while Asiri Surgical grabbed 29.45 percent with Softlogic buying 9.06 percent.

The new board of Asha Central Hospitals PLC will be made known next week.