Nawaloka Hospitals Archives

April 24, 2024

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April, 2024: Sri Lanka’s foremost private healthcare provider, Nawaloka Hospitals PLC, took home a Merit award at the distinguished Best Management Practices Company Awards ceremony held on March 13, 2024, at the Cinnamon Grand, Colombo.

The Best Management Practices Company Awards, organized annually by the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka), celebrate excellence in organizational growth and success within both the public and private sectors. These awards highlight exemplary leadership, policies, strategies, people management, partnerships, resources, processes, and performances demonstrated by companies throughout 2023.

“Accepting this award reaffirms Nawaloka Hospitals’ commitment to upholding the best management practices in the healthcare sector. This recognition is a testament to our dedication to delivering superior patient care while upholding the highest standards of professionalism and operational efficiency,” noted Nawaloka Hospitals PLC chairman Dr.Jayantha Darmadasa.

The Best Management Practices Company Awards provide a valuable framework for organizations such as Nawaloka Hospitals, to evaluate their management practices and drive continuous improvement. Winning this award has enabled and empowered the company to showcase its achievements within the business community, both locally and internationally.

Nawaloka Hospitals entered Sri Lanka’s healthcare sector in 1985, and proceeded to dominate the private healthcare sector in the country. The launch of the hospital and the overwhelming response it received from the people demonstrated a long felt need for superior healthcare in a pleasant environment. The Hospital was a pioneering initiative, established under the Chairmanship of Late Deshamanya H. K. Dharmadasa, to be a centre of excellence in high technology diagnostic and curative facilities. Driven by the Vision to be the Hospital of Tomorrow, the medical institution has come to be known as a centre of excellence and a preferred healthcare institution in the country.

February 29, 2024

The Court of Appeal issued an interim order on February 28, 2024, preventing HNB from taking parate action against New Nawaloka Medical Center (Pvt.) Ltd, a subsidiary of Nawaloka Hospitals PLC, one of Sri Lanka’s leading healthcare providers. In light of this development, Nawaloka Hospitals would like to reassure all stakeholders that the organization possesses the necessary financial resources and capability to fulfill its loan obligations without compromising its operations or commitments.

It has come to the company’s attention that certain parties have been circulating rumors regarding its financial ability. Nawaloka Hospitals categorically states that these rumors are baseless and do not reflect the reality of our organization’s financial stability. As a prominent player in the healthcare sector of Sri Lanka, our commitment to serving the nation remains as strong as ever.

Nawaloka Hospitals has been at the forefront of delivering exceptional healthcare services to the people of Sri Lanka for 39 years. The company’s unwavering dedication to providing world-class medical facilities and innovative treatments has earned it the trust and confidence of it’s patients, partners, and stakeholders.

Nawaloka Hospitals understands that rumors and speculation can easily undermine public perception. However, the company assures all stakeholders that Nawaloka Hospitals PLC has always prioritized financial prudence and strategic planning. The company boasts a proven track record of successfully managing its financial obligations and maintaining a strong financial position. Its financial capabilities remain solid, enabling it to continue serving the healthcare needs of the nation.

Nawaloka Hospitals would like to extend its gratitude to it’s valued patients, partners, and stakeholders for their continued support and trust in the company. Rest assured, the company is resolute in upholding its commitments and responsibilities, ensuring the uninterrupted delivery of quality healthcare services to our community.

January 29, 2024

One of Sri Lanka’s leading private hospitals, Nawaloka Hospitals PLC is pleased to announce the release of its Annual Report for the fiscal year 2022-2023. We are proud to inform our investors and stakeholders that we have successfully resolved the disclaimer points raised in the previous report and have ensured that our current year accounts are in excellent order.

Addressing the disclaimer points, Nawaloka Hospitals PLC has diligently taken measures to aggressively provision for long outstanding balances, showcasing our proactive approach to risk management and financial stability. Additionally, despite incurring an additional finance cost of Rs.1.4 billion due to increased interest rates, we have closely managed and accounted for these costs, further strengthening our financial position.

We are delighted to report that our current year accounts are in order, reflecting our commitment to transparency and accuracy in financial reporting. This achievement underscores our unwavering dedication to delivering value and reassurance to our valued investors and stakeholders.

Nawaloka Hospitals PLC Finance Manager Theja De Silva expressed confidence in the Annual Report 2022-2023, stating, “We have successfully resolved the disclaimer points, demonstrating our commitment to maintaining a strong financial foundation. Our current year accounts show sound performance, further indicative of our commitment to excellence and transparency. We are excited for the future of Nawaloka Hospitals PLC.”

The Annual Report 2022-2023 provides a comprehensive overview of our financial performance, addressing previous concerns while showcasing the resilience and growth trajectory of Nawaloka Hospitals PLC. We are confident that investors and readers will appreciate the positive developments and forward-looking approach detailed in this report.

December 19, 2023

December 19, 2023: Nawaloka Hospitals recently concluded its annual Christmas celebration, marking a significant event in the hospital’s festive calendar. The festivities began with the traditional annual cake mixing ceremony, fostering a sense of joy and unity that resonated throughout the hospital.

The entire Nawaloka Hospitals premises were adorned with enchanting Christmas decorations, creating a festive ambiance that set the stage for a memorable celebration. Nawaloka employees actively participated in the Christmas Carols, lending their voices to the melodic tunes that filled the lobby area with the spirit of the season.

During the Christmas Carols event, Santa Claus made a special appearance, spreading joy and distributing gifts to the children undergoing treatment at Nawaloka Hospitals’ paediatric clinics. The hospital’s commitment to creating a positive and uplifting environment for both patients and staff was evident throughout the celebration.

The Nawaloka Christmas Carnival 2023, held on December 15^th at the Main Lobby, Specialist Centre, was a resounding success, bringing together the Nawaloka community for a festive and heart-warming experience. The event showcased the hospital’s dedication to fostering a spirit of togetherness and spreading joy during the holiday season.

December 12, 2023

Nawaloka Hospitals, one of Sri Lanka’s leading healthcare providers, announced the launch of its groundbreaking “Express Way Service.” This exclusive feature, available solely at Nawaloka Hospitals, represents a transformative approach to accessing healthcare services, catering to time-constrained individuals prioritising immediate attention.

The pioneering “Express Way Service” has been meticulously developed to address the demands of modern lifestyles, where time is an invaluable resource. By mitigating long waiting periods, Nawaloka Hospitals aims to offer patients an efficient and seamless healthcare experience.

Notably, with the “Express Way Service,” patients can now expect prompt assistance for their medical requirements, ensuring an expedited and hassle-free experience. From the moment patients step foot into Nawaloka Hospitals, they can anticipate a streamlined process that places utmost importance on their time and well-being.

“The primary goal of Nawaloka Hospitals is to continuously innovate and enhance the healthcare experience for our valued patients. The introduction of our unique ‘Express Way Service’ marks a significant milestone in our commitment to providing unmatched convenience and efficiency. Unlike traditional healthcare models, the ‘Express Way Service’ is tailored specifically for individuals who lead busy lives and cannot afford to spend valuable time waiting in queues. By opting for the ‘Express Way Service,’ patients can expect a transformative healthcare experience.

I firmly believe that our ‘Express Way Service’ will set a new benchmark in the industry. It represents a paradigm shift towards patient-centric care, where convenience and timely access to healthcare services are paramount. By choosing this service, individuals can reclaim control over their healthcare journey and experience unprecedented convenience,” Nawaloka Holdings Chairman Dr. Jayantha Dharmadasa said.

The “Express Way Service” encompass various aspects of healthcare, including consultation, diagnostics, pharmacy services, and much more. Patients will relish the convenience of immediate access to renowned medical professionals, empowering them to promptly address their concerns with efficacy and precision.

By implementing this pioneering service, Nawaloka Hospitals aspires to establish a new benchmark within the healthcare industry, underscoring its commitment to patient-centric care. The “Express Way Service” enhances the overall patient experience and optimizes resource allocation, resulting in heightened efficiency and reduced waiting times for all.

November 10, 2023

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“A Merry Season’s Greetings from our Irresistible Hospital: The Apple of Everyone’s Eye, Yet Our Roots Remain Firmly Planted. Unyielding to Any Buyer’s Tie!” Nawaloka Hospitals PLC recently embarked on its 10th annual Christmas cake mixing ceremony at the hospital’s banquet hall, a cherished tradition that marks the beginning of the festive season.

The event kicked off with the traditional mixing of the Christmas cake batter, which saw the participation of Dr. Jayantha Dharmadasa, Chairman, Nawaloka Hospitals PLC, as well as the Specialist Consultants , hospital’s management, and special guests.

October 25, 2023

Nawaloka Hospitals, the pioneering force in Sri Lanka’s private healthcare sector, celebrated its 38-year anniversary on September 18, 2023, with a revolutionary exhibition in the private sector that set a new standard for private healthcare.

This exhibition, a first-of-its-kind in Sri Lanka’s private healthcare landscape, provided an unprecedented opportunity for Nawaloka Hospitals to open its doors and showcase each department’s unique capabilities. It was a momentous promise to the future, declaring that the private sector is poised to tackle any healthcare challenge with cutting-edge expertise.

The event featured a comprehensive display of the hospital’s departments, including the Radiology unit, Endoscopy and Liver unit, Emergency Treatment Unit, Heart Centre, Eye Centre, Cosmetic unit, Orthopedic Centre, Laboratory, and Orthopedic Centre. This remarkable showcase underlined Nawaloka’s commitment to cutting-edge expertise, setting a high standard for private sector services.

The impact of this exhibition was profound and far-reaching. For attendees, it was an eye-opening experience. They gained firsthand insights into the capabilities of a private healthcare institution and the cutting-edge treatments offered by Nawaloka Hospitals, leaving them with an enhanced awareness of the advanced healthcare options available within their reach right here in the heart of Colombo.

Equally transformative was the exhibition’s effect on the hospital’s dedicated staff. They had the opportunity to witness and learn about what’s being done by other departments within the hospital. This interdepartmental knowledge-sharing undoubtedly fosters a more cohesive and collaborative healthcare environment, ultimately benefiting all involved.

Furthermore, this landmark exhibition provided invaluable interaction between Nawaloka Hospital and its stakeholders, reinforcing the hospital’s commitment to transparency and excellence. It allowed for a fruitful exchange of ideas and insights, further solidifying Nawaloka’s position as a thought leader in the healthcare industry.

Commenting on this milestone, Nawaloka Hospitals Chairman and CEO – Executive Director Dr. Jayantha Dharmadasa stated, “Our 38th anniversary is not just a commemoration of the past but a testament to our commitment to providing the highest quality healthcare to the people of Sri Lanka. As we reflect on our journey, we remain dedicated to pioneering advancements in healthcare and delivering a brighter, healthier future for all.”

Notably, Nawaloka Hospitals’ remarkable success is a testament to the dedication of its 2,100-strong workforce and its commitment to innovation and technological advancement. With a steadfast investment of Rs. 532 million in 2022, the hospital has continuously upgraded its medical services and embraced state-of-the-art equipment. This dynamic synergy between a passionate team and cutting-edge technology has propelled Nawaloka Hospitals to the pinnacle of excellence in healthcare, ensuring that patients receive the highest standards of care and treatment.

Reflecting on the hospital’s commitment to excellence, Nawaloka Hospitals Director/General Manager, Executive Director Vidya Jyothi Emeritus Professor Lal Gotabhaya Chandrasena noted, “At Nawaloka Hospitals, our enduring legacy as pioneers in private sector healthcare can be attributed to our unwavering commitment to state-of-the-art technological advancements, our dedicated and passionate staff, and our relentless pursuit of research and development”.

In a world marked by uncertainties, Nawaloka Hospitals continues to be a beacon of hope, providing healthcare services and ensuring the safety and well-being of its patients. The hospital’s adherence to rigorous standards, certifications, and a culture of continuous improvement have been instrumental in its success.

September 11, 2023

Nawaloka Hospital, a leading private sector hospital in Sri Lanka, has achieved a remarkable feat by successfully performing a complex kidney stone surgery using mini nephrolithotomy (mini-PCNL) for the first time in the hospital’s history. This procedure, which evacuated a massive 4cm kidney stone involving the entire left kidney, is being hailed as a medical marvel due to the complexity of the tone size.

In a remarkable feat, Nawaloka’s medical team, equipped with state-of-the-art technology and sophisticated machinery, evacuated the entire kidney stone, leaving no remnants behind. The success of this delicate surgery was the result of exceptional teamwork, with only six members present in the surgical team, including the operating surgeon, two nursing assistants, two technicians, and one radiographer.

From the initial discovery of the stone to the successful completion of the surgery, Nawaloka Hospitals executed the entire process in less than 24 hours, setting a new standard for efficiency and patient care in the medical field. This quick recovery and swift return to routine by the patient is a testament to the effectiveness of the surgery.

Notably, the patient’s swift recovery also had a cosmetic advantage, as laser technology ensured no scars, stitches, bleeding, or post-operative complications. The patient experienced zero pain and returned to their everyday life seamlessly as if nothing had transpired.

Nawaloka Hospitals Urologist Dr. Kalana Parana Palliya Guruge, the lead surgeon for this procedure, expressed his satisfaction and joy at completing the surgery. He emphasized that such remarkable outcomes are only possible due to the highly skilled staff and the state-of-the-art technological equipment and accessories available at Nawaloka Hospitals.

“This surgery underscores the immense potential that lies at the intersection of skilled medical professionals and cutting-edge technology. I am proud of our exceptional team and grateful for the state-of-the-art equipment and resources at Nawaloka Hospitals that made this success possible. Most importantly, it reaffirms our commitment to providing our patients with the best care possible, offering them not just treatment but hope and a path to a healthier, pain-free life,” Nawaloka Hopitals Urologist Dr. Kalana Parana Palliya Guruge said.

Nawaloka Hospitals entered Sri Lanka’s healthcare sector in 1985 and proceeded to dominate the private healthcare sector in the country. The launch of the hospital and the overwhelming response it received from the public demonstrated a long-felt need for superior healthcare in a pleasant environment.

The Hospital was a pioneering initiative, established under the Chairmanship of the Late Deshamanya H. K. Dharmadasa, to be a center of excellence in high-technology diagnostic and curative facilities.

August 18, 2023

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Leading the way in Healthcare Excellence

August 18, 2023: Nawaloka Hospitals PLC recorded a stellar growth during the first quarter for FY23/24, with a Rs.120 million profit-before-tax (PBT) in its interim financial statement for the quarter which ended on June 30, 2023, marking a 158 percent increase over the previous year for the same period.

The report highlighted the Group’s recent restructuring and increased activity in key areas such as medical innovation and patient-care excellence, accounting for a swift recovery and positive turnover.

Revenue was recorded at Rs.2.6 billion, a 21 percent increase over the previous year’s Rs.2.1 billion. Similarly, the Group’s Operating Profits rose by 185 percent at Rs.570 million, over the previous year’s Rs.200 million.

Share performance also improved with the Group recording an Earning Per Share of 0.085 as at June 30, 2023, compared to the previous year’s (0.148).

Over the same period, the Company recorded a healthy 2,224 percent increase in PBT, marking Rs.94 million over the previous year’s Rs.4 million.

The company recorded Rs.1.3 billion in Revenue, a 19 percent growth over the previous year’s Rs.1.1 billion, and an Operating Profit of Rs.423 million, a 72 percent increase over the previous year’s Rs.246 million.

The Company’s Earning Per Share stood at 0.067, proving improved performance over the previous year’s 0.003.

Attesting to Nawaloka Hospitals PLC’s positive growth trajectory, Dr. Jayantha Dharmadasa, Chairman, Nawaloka Hospitals PLC reflected on some of the organisation’s key milestones in 2023, including the achievement of 15,000 successful heart surgeries performed at Nawaloka Hospitals, and its strong emphasis on patient-care experience improvement.

Some activities under this pillar were the VVIP Elite Center which was launched to offer more customised and privacy-focused healthcare services, as well as the complete overhaul of Nawaloka Hospitals’ homecare and nursing services, which were focused towards providing a superior patient experience.

Another notable initiative undertaken by the Hospital was its collaboration with the ICBT Campus, to introduce their nursing staff to world-class nursing care education and exposure, which contributed towards the growth of the Hospital’s nurse-staff capabilities and skill, as well as the individual growth of these valued healthcare workers.

“These substantiated figures of growth stand as a testament to the organisation’s core values and efforts in overcoming unfavourable situations with the utmost level of hope and strategic alliance. The turbulence of the previous few years has allowed our organisation to stand out stronger, while continuing our endearing commitment to uplift the standards for our healthcare services, as well as our community contributions. We speculate further growth in the coming quarters, and look forward to a fruitful year ahead,” stated Dr. Jayantha Dharmadasa, Chairman, Nawaloka Hospitals PLC, on the released interim financial statements.

August 8, 2023

As a pioneer in private sector healthcare facilitators in Sri Lanka, the Nawaloka Hospital’s home care service expands its services by further prioritizing expertise, quality, compassion, and exceptional care for patients in the comfort of their homes.

Nawaloka Hospitals’ comprehensive care service package encompasses a wide range of services, ranging from basic assistance with daily activities such as bathing and dressing to specialized care for complex medical needs. The dedicated caregivers are trained to provide expert services, including NG feeding, PEG feeding, and Tracheostomy care, ensuring that all patients with specific medical requirements receive the highest standard of care.

“With services like no other in Sri Lanka, Nawaloka takes pride in providing exceptional care for patients. With our caregivers giving attention to patients 24/7, we are able to cater to any and all needs, and more importantly, for any emergency services, caregivers can directly contact the hospital for direction or supervision. With Nawaloka, a holistic home care service is guaranteed,” Nawaloka Hospitals Chiarman Dr. Jayantha Darmadasa said.

Nawaloka Hospitals develops tailor-made care plans for each patient as part of its unwavering commitment to quality. These plans are designed to address their specific needs and preferences, ensuring that every aspect of their care is carefully considered to provide a high-quality service. Likewise, enteral feedings, medication administration, tracheostomy care, and respiratory care are all part of home nursing care at the hospital

Nawaloka Hospitals takes great pride in the quality and expertise of its caregivers. Each member of the caregiving team holds NVQ level 3 or 4 certification, which signifies competency and professionalism in delivering high-quality care. This certification ensures that patients receive care from caregivers who possess the necessary skills and knowledge to handle a wide range of medical situations.

“Our caregivers are the epitome of expertise and compassion. With their extensive training, experience, and unwavering dedication, they provide exceptional care that surpasses expectations. Their expertise in handling complex medical situations, combined with their genuine empathy for patients, ensures that our clients receive the highest quality of personalized care. We are proud to have a team of caregivers who consistently demonstrate unparalleled expertise in caregiving,” Nawaloka Hospitals Dr. Darmadasa highlighted.

The Hospital was a pioneering initiative, established under the Chairmanship of the Late Deshamanya H. K. Dharmadasa, to be a centre of excellence in high-technology diagnostic and curative facilities. Driven by the Vision to be the Hospital of Tomorrow, the medical institution has come to be known as a centre of excellence and a preferred healthcare institution in the country..

Older Posts

Nawaloka Hospitals PLC wins Merit award at Best Management Practices Company Awards 2024

Nawaloka Hospitals PLC assures stakeholders of strong financial capability amidst recent rumors

Nawaloka Hospitals PLC Resolves Disclaimer Points, Presents Strong Financial Performance in Annual Report 2022-2023

Nawaloka Hospitals spreads joy with annual Christmas celebration

Nawaloka Hospitals revolutionises customer-centric care with “Express Way Service”

Nawaloka Hospitals commences 10th annual Christmas cake mixing

Nawaloka Hospitals sets another milestone with a first-of-its-kind exhibition in Sri Lanka

Nawaloka Hospitals achieves medical marvel through mini-PCNL complex kidney stone surgery

Nawaloka Hospitals PLC records impressive Rs.120mn PBT

Nawaloka Hospitals benchmarks its home care service like no other