EOI process underway for sale of government interest in Lanka Hospital

The Lanka Hospital Corporation PLC (LHC) said yesterday notices/advertisements will be published in national and international newspapers and magazines, starting October 18, 2023, inviting Expression of Interest (EOI) for the sale of the government-owned interest in the company.

A filing by LHC said the notices/advertisements will be issued by the State-owned Enterprise Restructuring Unit.

LHC formally announced the government’s intentions to sell its stake in the hospital company in March this year.

State-owned Sri Lanka Insurance Corporation, which is also slated to be privatised, owns 51 percent stake in LHC.

The other major shareholder is Fortis Healthcare International Ltd. with 28.6 percent stake. Bank of Ceylon subsidiary Property Development PLC owns 9.5 percent stake as well.