Thursday, December 17, 2009

JKH ENTER IN TO HEALTH CARE INDUSTRY

John Keells Holdings PLC (JKH) yesterday announced the purchase of a 24.6% stake in Central Hospital (Private) Limited (CHL) for a consideration of Rs.900 million.


CHL is a new 260 room, state-of-the-art hospital project by the Asiri Group located on Norris Canal Road, Colombo 10. CHL is expected to commence operations in early 2010.

JKH said it has made this investment through its Capital Investments Division which comes under the John Keells' Financial Services Industry Group.

Separately, Asiri Group companies announced dilution in their holdings in Central Hospital as well consequent to the acquisition by JKH.

source - http://www.dailymirror.lk/

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