Golden Key Ent Hospital Rajagiriya

It is not sufficient to pay even Rs. 50,000 each for 7,200 disgruntled depositors, she added. "Therefore we depositors, cannot approve the two offers made by Softlogic and Richard Pieris. We request the authorities to sell the property to a buyer who is willing to pay at least its commercial value," she said.

According to the valuation of PricewaterhouseCoopers Lanka (Pvt) Ltd who conducted a comprehensive audit on GK assets on the directions of the Committee of Chartered Accountants, the Golden Key Eye & ENT Hospital is worth around Rs.1.25 billion. The Government valuation was Rs.750 million The Golden Key Group of Ceylinco Consolidated had made an investment of Rs.950 million for the setting up of Sri Lanka's first specialty eye and ENT hospital.

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A Central Bank official said a satellite earth station valued at Rs 500 million on a 2-acre land, a teak plantation and a tea factory owned by Golden Key would also be advertised for sale. On a previous occasion too the hospital was offered for sale and there were many offers but no finality was reached at the time.

She revealed that under the self- sustaining model they will continue the maintenance of the Golden Key Eye and ENT hospital at Rajagiriya and several subsidiaries of the GK while realising the assets of S&L Ltd with a net worth of over Rs. 467 million.

Since its launch in August 2007, the hospital created history by becoming the first private sector super specialty hospital in the country and a centre of excellence in all Eye and ENT problems not only locally but also in the South Asian region as well.

The state sector in Sri Lanka has many specialty hospitals but just one for eye care and none for ENT care. Perceived lack of revenue has kept the private sector away from specialty hospitals which by their very nature bring together the best resources under one roof.

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