Wed, 10 Aug 2022 Today's Paper

Hemas likely to foray into healthcare in Bangladesh

12 March 2015 04:50 am - 0     - {{hitsCtrl.values.hits}}

A A A

Diversified conglomerate Hemas Holdings PLC is exploring the possibilities of entering the healthcare sector in Bangladesh, Mirror Business reliably learns.
According to sources, the group is evaluating the purchase of a hospital in the South Asian neighbour. This is not Hemas’ first foray into Bangladesh, having set up a fast-moving consumer goods (FMCG) business a few years back. The funds for this expansion are expected to be tapped from a Rs.4.12 billion rights issue the company has already announced. 
“It is intended that the proceeds would be used to pursue strategic investment opportunities in the core sectors of the group,” a company statement had said, while Group CEO Steven Enderby had refused to comment.
Hemas currently has major operations in FMCG, logistics, pharmaceuticals, hospitals and leisure.
This is the first instance Hemas has raised funds through its shareholders, since its initial public offering in 2003.
The major shareholders said that they would not subscribe to the rights, as both local and international investors have shown strong interest. 
The group currently operates three hospitals with a total of 213 beds in Wattala, Galle and Thalawathugoda. It is also in the process of setting up a hospital in Ratmalana, already having acquired a land for Rs.250 million.
The group has invested over Rs.4 billion in the hospital business since launching its first hospital in Wattala in 2009. Despite speculation to the contrary, the group has proven itself in the industry.
For the third quarter ending in December, its healthcare sector profits improved to Rs.260.1 million from Rs.187.6 million from the corresponding quarter in 2013.
This includes the synergies Hemas is also creating with its pharmaceutical business, which is the largest in the country with a 21 percent market share.
The group’s main pharmaceutical manufacturer and marketer J L Morison recorded a 44 percent revenue growth for the December quarter. (CW)
Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Govt. re-recommends COVID-19 regulations: Medics, legal experts warn of vaccine expiry dates and injuries

The public has once again been advised to wear masks to prevent the spread of

8-year-old grave sexual abuse victim gets justice after 18 years

In Palawela Udaniriella, an 8-year-old girl became the victim of Grave Sexual

Covid makes a comeback!

These questions have been buzzing in our heads over the past few weeks as hea

Gas shortage could have been averted – Litro Chairman

A serious shortage of fuel, gas and other essential items as a result of the