Hospitals giant considers re-entry into Sri Lanka

Four years after exiting Sri Lanka on its faliure to stave off a hostile takeover from a local tycoon, Apollo Hospitals on Friday said it is reconsidering entry into the island nation s hospital segment. We are re-considering Sri Lanka now. The political situation is far more stable. So we are very happy to re-look at Sri Lanka, Apollo group executive director, operations, Sangita Reddy said. In 2006, Apollo Hospitals decided to sell its 30 % stake in Lanka Hospital Corporation - owners of Apollo Sri Lanka to Sri Lanka Insurance Corporation, which is owned by Harry Jayawardena, who launched a ...

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