Akbar Brothers acquires 28% of the combined healthcare business
Diversified conglomerate Sunshine Holdings PLC last weeek announced the merger of their healthcare business consisting of Sunshine Healthcare Lanka and Healthguard Pharmacy with the healthcare arm of Akbar Brothers comprising Akbar Pharmaceuticals, Lina Manufacturing and Lina Spiro.
“The strategic merger will create Sri Lanka’s first fully integrated healthcare company starting from manufacturing up to retailing of healthcare products, including last-mile distribution across the country for all healthcare products,” a news release on the merger said.
“The company will be operating in all five segments of the healthcare supply chain, namely R&D, manufacturing, importation, distribution and retail.”
Sunshine Holdings and Akbar Brothers merge healthcare businesses to create Sri Lanka’s first fully integrated healthcare company
December, 17, 2020
Akbar Brothers acquires 28% of the combined healthcare business
Sri Lanka’s diversified conglomerate Sunshine Holdings PLC today announced the merger of their healthcare business consisting of Sunshine Healthcare Lanka and Healthguard Pharmacy with the healthcare arm of Akbar Brothers. It consists of Akbar Pharmaceuticals, Lina Manufacturing and Lina Spiro.
The strategic merger will create Sri Lanka’s first fully integrated healthcare company starting from manufacturing up to retailing of healthcare products, including last-mile distribution across the country for all healthcare products. The company will be operating in all five segments of the healthcare supply chain, namely R&D, manufacturing, importation, distribution and retail.
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