Eight investors show interest in Lanka Hospitals

The Finance Ministry yesterday said it has received eight Requests for Qualification (RfQs) from potential investors for the acquisition of Lanka Hospitals Corporation PLC.
The deadline for submission of proposals was November 21, 2023.
The Finance Ministry said the eight RfQs that were received would be evaluated as per the Special Guidelines on Divestiture of State-Owned Enterprises, approved by the Cabinet of Ministers in July 2023.

International Finance Corporation functions as the transaction advisor of the Lanka Hospitals divestiture. 
State-owned Sri Lanka Insurance Corporation owns a 51 percent stake in Lanka Hospitals. The other major shareholder is Fortis Healthcare International Ltd, with a 28.6 percent stake. Bank of Ceylon subsidiary Property Development PLC owns 9.5 percent.