First investment in healthcare by the Dubai Investment subsidiary; facility has two hospital blocks and a fully-leased commercial building
NMC Healthcare
Latest in NMC Healthcare
David Hadley
NMC Healthcare appoints David Hadley as CEO
Hadley brings along 30 years of experience in the healthcare industry in UAE and South Africa
Abu Dhabi
Efficacy and responsiveness of a regulatory framework is key to the survival of financially distressed firms
The UAE has made significant progress in its commitment to raising corporate governance practice, enhancing the regulatory environment with laws, guidelines and decrees, and advocating accountability and sustainability across its industries
Abu Dhabi Global Market
Scandal-hit NMC exits administration in the UAE, eyes new growth plan
The CEO of the NMC Healthcare Group says that the new company is more resolute and resilient than ever before and is ready to chart out its new path
Alvarez & Marsal Europe LLP
NMC Health exits KSA joint venture with the sale of its 53 percent stake in Saudi Medical Care Group
With the sale of its majority stake in SMCG, NMC has now divested all its non-core international assets, the company confirmed
GCC healthcare
UAE health major NMC entering ‘finishing straight’ for administration exit
Healthcare operator reports gross revenues of $915m for third quarter of 2021
BR Shetty
Companies of UAE’s troubled NMC secure deal to exit administration
NMC Healthcare Ltd, the largest private healthcare company in the UAE, will remain in administration in order to pursue certain potential litigation claims on behalf of itself and the other companies
healthcare provider
UAE’s troubled NMC unveils plan to exit administration after debt crisis
Creditors are set to vote on a plan that could help 34 subsidiaries exit administration on September 1
audit firm
Ernst & Young accused of ‘hiding’ huge audit fraud at UAE healthcare major NMC
NMC founder BR Shetty alleges that the auditors turned a blind eye to thousands of suspicious transactions
Alvarez & Marsal
Embattled NMC Healthcare reveals 6% drop in revenues
Gross revenues for NMC’s UAE and Oman business were $1.121bn, which was 11% ahead of the business plan
BR Shetty
Troubled UAE healthcare major NMC sells IVF business for $523m
NMC administrator says deal is ‘important step towards a successful restructuring’ following debt woes
BR Shetty
BRS Group to open stem cell research company in Abu Dhabi
BRS Group founder and chairman BR Shetty said that plans for the stem cell research company will likely be finalised in October
BR Shetty
NMC registers 32.6% increase in revenue for H1 2019
CEO Prasanth Manghat refused to comment on reports Chinese investors are looking to buy a 40% stake in company
Abu Dhabi
Abu Dhabi’s NMC Healthcare raises full-year guidance
NMC Healthcare announced a new Saudi joint venture with the kingdom’s General Organisation for Social Insurance
Background
UAE-based NMC signs Saudi-based healthcare JV deal
NMC has operational control of the new joint venture, NMC KSA
London Stock Exchange
NMC Healthcare reveals plan for new Sharjah hospital
New 70-bed hospital is expected to start operations in Sharjah by the end of 2019
Ali Akawi
BR Shetty is the force behind our success, say Prasanth and Promoth Manghat
CEOs of UAE Exchange Group and NMC Hospital pay tribute to billionaire at Arabian Business Achievement Awards gala held last night in Dubai
