LAUGFS Health and Wellness Opens First Standalone MEDZ Pharmacy Outlet in Bandaragama

Another Step in the Strategic Drive to Become an Impactful Player in the Healthcare Sector

Taking a yet another strategic step in its vision to become a multi-faceted force in the country’s healthcare sector, LAUGFS Health and Wellness, a subsidiary of LAUGFS Holdings, recently opened its first standalone pharmacy in Bandaragama. Well-equipped with high quality pharmaceutical and nutraceutical products together with qualified professionals registered with the Sri Lanka Medical Council, the new pharmacy outlet will add to the MEDZ chain of Pharmacies. In addition to dispensing prescription medication, the outlet will serve as a small scale grocery store for the benefit of residents in the area.

“We are taking numerous strategic steps to become an impactful player in the country’s healthcare sector. As a truly Sri Lankan company, we have strong ambitions to expand our services in the healthcare sector to better serve our local consumers. Our pharmacy chain which was primarily located within LAUGFS Supermarkets will be further expanded with a network of standalone pharmacy outlets. The first standalone MEDZ Pharmacy in Bandaragama will provide a comprehensive range of pharmaceutical products together with other essential grocery items. This is something that we hope to implement in all our future standalone outlets,” commented LAUGFS Health and Wellness Chief Operating Officer, Sujeewa Goonetilleka.

Currently, LAUGFS Health and Wellness runs 21 pharmacy units at LAUGFS Supermarket premises throughout Sri Lanka. The chain will expand further with new MEDZ pharmacies located together with LAUGFS Supermarkets and two additional standalone outlets during the financial year.

LAUGFS has already set specific investments in motion to reinforce its presence in the healthcare sector and plans are well in place for aggressive expansion by the end of the current financial year. LAUGFS Health and Wellness operates two business units with core focus on pharmaceutical and nutraceutical trading in Sri Lanka. The trading arm of LAUGFS Health and Wellness represents a number of well-known multinational pharmaceutical companies.

LAUGFS is one of the largest diversified business conglomerates and a trusted name in Sri Lanka. Founded in 1995, LAUGFS today has expanded across 20 industries in Sri Lanka and overseas, establishing a strong presence as a leader and pioneer in the power and energy, retail, industrial, services, leisure, logistics and real estate sectors. With over 4,000 employees and an annual turnover exceeding Rs.28 billion, LAUGFS continues to expand and empower millions as a trusted Sri Lankan brand.