Norvic International Hospital converts to a public limited company

Published On: July 13, 2021 06:30 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, July 13: Norvic International Hospital (NIH) has converted into a public limited company, aiming to float primary shares to the public to raise capital for its expansion plan.

This is probably the country’s first hospital that has looked forward to issuing its shares to the general public. At a time when real sector companies are being reluctant to go public, the Capital-based hospital has decided to do so.

Som Nath Bastola, information officer for NIH, said the hospital is planning to expand its services from the locations out of the valley. According to him, they have been adding up 100 beds in the Kathmandu-based infrastructure along with opening a 100-bed hospital each in Sunsari and Bhairahawa. “The time and modality is yet to be decided to issue initial public offerings for the general people,” Bastola said.   


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