Business Times

Hemas: No more investments in hospitals

Hemas Holdings PLC (Hemas) will not invest any more on hospitals but will improve facilities at their two existing hospitals amidst plans to expand to Bangladesh this year.“We will concentrate on the existing two hospitals in Wattala and Galle and will not acquire or build any more hospitals.

Our model is essentially low cost, quality, affordable healthcare which is outside Colombo where there is a large concentration of population,” Hussein Esufally, CEO Hemas told Business Times. “We are considering creating a franchise with Bangladesh on our Fast Moving Consumer Goods (FMCG) products range. It is still under discussion,” he said.

He said the company is looking at both options of buying and starting renewable energy projects. “We can also partner in such projects - we are open to all sorts of opportunities. We are searching to expand our footprints in this sector and we are bullish about it,” he added. He noted that the company has technical and management expertise in building and operating thermal and small-hydro power plants which is a core strength that the company owns.

The company is also looking to refurbish its hotel properties - Dolphin in Waikkal, Serendib in Bentota and Hotel Sigiriya. “In the past Hemas has never been able to put out a business case for its tourism sector, as this sector was not lucrative due to the war, but after the dawning of peace, we are actively looking at it,” he said.

“We will be refurbishing these properties and developing the two sites we own in Kandy and Tangalle in time to come,” he added.

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