A significant debt settlement between HNB and Nawaloka Hospitals reached an agreement

Nawaloka Hospitals PLC has successfully completed a significant debt settlement with Hatton National Bank PLC (HNB), paying off Rs. 3.35 billion in loans and fostering a new growth phase centered on technology and service expansion. This settlement follows legal actions by HNB concerning the debt owed by Nawaloka’s subsidiary and was made possible through new borrowing from Bank of Ceylon. With total borrowings at Rs. 6.68 billion and total assets of Rs. 20.02 billion, Nawaloka has shifted from a net loss of Rs. 304.75 million to a net profit of Rs. 56.38 million, largely due to increased patient volumes and operational efficiencies. The hospital plans to advance its capacity through robotic surgical tools, AI-integrated clinical systems, mini-medical centers, and by enhancing medical tourism initiatives. A capital expenditure plan targeting Rs. 1.88 billion by 2027 will support these developments.