ECONOMYNEXT – Asiri Port City Hospital (Pvt) Ltd, a fully-owned subsidiary of Asiri Hospital Holdings PLC’s, proposes to develop a state-of-the-art hospital within the Colombo Port City with an investment of 100 million dollars.
“This new venture… is a significant milestone in the country’s journey towards developing and attracting medical tourism to Sri Lanka,” Ashok Pathirage, Chairman/Managing Director of Asiri Hospital Holdings Plc, said in a statement on the CSE.
“The combination of expertise and international collaboration with which Asiri Port City Hospital (Pvt) Ltd will enter the local market is envisaged to revamp the country’s healthcare sector to newer heights, and of becoming Asia’s medical tourism destination.”
The Company received Cabinet approval this week to be designated as a Primary Business of Strategic Importance, which means it would be granted several exemptions or incentives under 2(b) of the Colombo Port City (Guidelines on the Grant of Exemptions or Incentives to Businesses of Strategic Importance) Regulations, No 2 of 2023.
Asiri Port City Hospital, part of the Softlogic Group of Companies, will design, develop, and operate the hospital “partnered with a corporation globally renowned for its innovative treatment options, who will provide strategic and/or operational consulting services to Asiri Port City Hospital,” Pathirage was quoted in the statement.
The corporation was not named.
The Port City Hospital will be designed “to deliver innovative and state-of-the-art health care solutions and unique patient care services drawing from the expertise of Asiri Hospitals in promoting health through integrated clinical practice, education and research.”
It will also “be designed to transform medicine to connect and cure as the global authority in the care of serious or complex diseases.”
Its medical team will have both local and international medical experts and specialists, who will be supported by internationally trained and experienced nursing and medical care staff, Pathirage said.
Sri Lanka’s health sector has suffered several setbacks with a shortage of medicines and a lack of staff including doctors and nurses in the state-owned main hospitals as well as the regional hospitals.
Medical staff have left the country to work in foreign countries, citing the higher taxes imposed by the government as necessitated by an IMF bailout program.
Public confidence in the nation’s health sector has eroded considerably after several deaths were reported.
The Colombo Port City is a multiple currency special economic zone. (Colombo/Jan5/2024)