News & market updates

Nawaloka Hospitals PLC (NHL.N0000) has installed South Asia's first AI-driven Canon Vantage Orian MRI, supplied by MEDIQUIPMENT in a USD 4.5 million investment to boost diagnostic precision and reduce scan times.

Nawaloka Hospitals PLC commissioned South Asia’s first AI-driven Canon Vantage Orian MRI on March 18, 2025, completing a USD 4.5 million radiology upgrade. The AI-powered scanner improves image clarity and speed, can avoid contrast injections, and is intended to raise diagnostic standards at the hospital.

Nawaloka Hospitals PLC chairman and CEO Dr. Jayantha Dharmadasa was awarded the Lifetime Achiever in Private Healthcare at the Medicare Health Excellence Awards 2025. The accolade highlights his leadership in adopting modern technologies, including introducing CT/MRI to Sri Lanka and launching an AI-powered Radiology Centre in 2024.

Medicare 2025, Sri Lanka’s international healthcare exhibition, concluded at BMICH Colombo after three days with over 150 stalls and Asiri Hospital Holdings as the main sponsor. Organised by Asia Wellness Forum with Aitken Spence Conventions & Exhibitions, gold sponsors included Nawaloka Hospitals and Melsta Hospitals and the event promoted medical tourism.

Medicare 2025, Sri Lanka’s international healthcare exhibition, opened at BMICH on Feb 28 and runs to Mar 2 with over 150 stalls; organisers include Asia Wellness Forum and Aitken Spence Conventions & Exhibitions. Major local hospitals including Asiri, Nawaloka and Melsta Hospitals are participating and were recognised at the event.

Medicare 2025 opened at BMICH in Colombo with over 150 local and international exhibitors; lifetime awards were presented to Asiri Hospitals and Nawaloka Hospitals and the event is promoted as a platform to boost medical tourism and showcase healthcare innovations.

Colombo Stock Exchange closed down as the ASPI fell 1.83% to 16,049.42 and the S&P SL20 fell 2.24% to 4,860.33; turnover was Rs 11.4bn with a net foreign inflow of Rs 141m. Top positive contributors included John Keells, Aitken Spence, Bukit Darah, Lanka IOC and Nawaloka Hospitals.

Suwa Diviya’s 'Live Well Health Fair' concluded on 30 Nov at Arcade Independence Square, offering free medical screenings and wellness sessions and featuring participation from health-related brands including Nawaloka Hospitals, Asiri Hospitals and CIC.

Nawaloka Hospitals Plc (NHL.N0000) appointed Dr. Chamara Bandara as an Independent Non-Executive Director. Dr. Bandara holds a PhD in Business Management, an MBA, has founded multiple firms and currently serves as an independent director of Kapruka Holdings PLC (KPHL.N0000).

Nawaloka Hospitals PLC won the Merit award in the Hospital Sector at the National Business Excellence Awards 2024. The award coincides with the hospital reporting its 500th kidney transplant this year and a total of 542 transplants from 2012 to June 2024.

Nawaloka Hospitals PLC is offering free breast screening sessions and a 25% discount on mammograms throughout October for Breast Cancer Awareness Month. The hospital says screenings will use its AI-enhanced radiology scans to aid early detection.

Nawaloka Hospitals PLC has appointed Virann de Zoysa as an Independent Non-Executive Director. De Zoysa holds an undergraduate degree in Finance and Accounting and an MBA, and is a director at Associated Motorways with experience in finance, project management and hospitality.

Nawaloka Hospitals PLC launched South Asia’s first AI-powered Radiology Centre in September 2024, introducing AI-driven diagnostics and patient services to improve diagnostic accuracy, operational efficiency and personalized care.

Nawaloka Hospitals Plc reported FY ended 31 Mar revenue of Rs.10.0bn (+11.54% YoY) and PBT of Rs.576.2m (+178.61%); operating profit swung to Rs.1.02bn and EPS rose from -0.46 to 0.41.

Nawaloka Hospitals PLC reported FY2023/24 revenue of Rs.10.0 billion and Profit Before Tax of Rs.576.2 million, up 11.54% and 178.61% YoY respectively. Operating profit rose to Rs.1.32 billion (from a Rs.73.4m group loss) and EPS improved to 0.41, aided by AI diagnostic hubs, upgraded radiology and a new Corporate Center.

Hayleys PLC and John Keells Holdings are platinum sponsors of CA Sri Lanka's 45th National Conference, held 14–16 October. Other shortlist companies sponsoring the event include Nations Trust Bank (exclusive banking partner), Nawaloka Hospitals PLC (exclusive healthcare partner), LB Finance, Capital Alliance, DIMO, Sunshine, C. W. Mackie and Lanka IOC.

Dialog Axiata's Doc990 has launched Sri Lanka's first comprehensive Wellness Marketplace, allowing customers to purchase medical packages (check-ups, home care, cosmetic and weight-loss services) from hospitals including Asiri and Nawaloka via the Doc990 app.

Bank of Ceylon opened a new limited-service branch at Nawaloka Hospitals PLC premises to provide banking and digital services for healthcare staff, patients and the local community.

Nawaloka Hospitals PLC won the Merit Award in the Hospital Sector at the National Business Excellence Awards 2024. The hospital has performed 542 kidney transplants to date (2012–June 2024), including 500 completed this year.

Nawaloka Hospitals PLC (NHL.N0000) will face LOLC Holdings PLC (LOLC.N0000) in the final of the NDB Trophy MCA 'C' Division 50 Over League on Sep 29, with Nawaloka unbeaten in the league round (3 wins, 1 no-result).

Nawaloka Hospitals PLC signed an MoU with the National Insurance Trust Fund to provide cashless admissions, waived admission fees, discounts on OP/IP services and free ambulance access to NITF Agrahara members.

Nawaloka Hospitals PLC's Bone Marrow Transplant Unit provides bone marrow and stem-cell transplants for blood cancers and disorders and has operated since September 2014. The unit features HEPA-filtered ICU rooms, a multidisciplinary UK-trained team and offers autologous and allogeneic transplants with patient support.

Cabinet approved leasing Colombo Port City land for hospitals, schools and universities after investor proposals including Asiri Port City Hospital's $100m hospital and Gateway's $25m school and $25m university were submitted.