Company: NMC Health
Designation: CEO and Executive Director
Prasanth Manghat leads the largest private healthcare company in the UAE, which is now among the top three fertility providers in the world. Prasanth was promoted to the role of Chief Executive Officer of NMC in March 2017 and now enjoys the responsibility of building on the achievements of his predecessor, BR Shetty. His promotion marked the launch of NMC’s growth strategy; one that encompasses capacity creation and capability building to expand into more complex segmentsof the healthcare industry.
Prasanth has been with the company for the last 14 years, serving in key roles within the NMC portfolio of companies, including the roles of Deputy CEO, CFO at NMC Healthcare, and CFO at Neopharma. As CFO, he spearheaded the company’s landmark IPO in 2012, raising $187.5m in less than 100 days.
As Deputy CEO, Prasanth also helped NMC acquire niche healthcare companies such as ProVita International Medical Center (Long Term Care), Americare Home Health Services and, in 2016, Fakih IVF Fertility Centre – the latter earning him “Deal Maker of the Year” at the 10th CFO Strategies Forum MENA.
As Deputy CEO, he steepened the company’s growth curve, with its market capitalisation increasing by almost 100 percent year-on-year until it crossed $9bn. Prasanth has also guided NMC’s first forays outside the UAE with the acquisition of Clinica Eugin, a leading provider of infertility treatment, based in Spain and Colombia. Subsequently, Prasanth has been steadily expanding the Eugin business to cover key markets of Italy, Denmark and Brazil.
The next big disruption will be in healthcare. We are working towards that journey of becoming a part of this constructive disruption in healthcare”