NMC Health secures £192m lifeline from lenders By Daily Mail City & Finance Reporter Published: 22:03 BST, 3 August 2020 | Updated: 22:03 BST, 3 August 2020 NMC Health has secured a £192m lifeline from its lenders. Lifeline: The scandal-hit hospitals provider was forced into administration in April The scandal-hit hospitals provider was forced into … Read more
Private hospital company NMC Health set to be sold after collapse of its former owner earlier this year By Ben Harrington, Financial Mail on Sunday Published: 21:57 BST, 11 July 2020 | Updated: 22:51 BST, 11 July 2020 A private hospital company that aided the NHS during its battle with Covid-19 is set to be … Read more
Crisis-hit NMC Health started the week with a bang after it said it is considering takeover bids from private equity firms. Shares in the FTSE 100-listed firm, which runs one of the biggest hospital chains in the United Arab Emirates, soared after bosses confirmed they had been approached by KKR and GK Investment with possible … Read more
Accounting watchdog launches investigation into Ernst & Young over its audit of scandal-hit NMC Health By Matt Oliver For The Daily Mail Published: 22:10 BST, 4 May 2020 | Updated: 22:10 BST, 4 May 2020 The accounting watchdog has launched an investigation into Ernst & Young (EY) over its audit of scandal-hit NMC Health. The … Read more
Lender’s court bid tips troubled private hospital group NMC Health towards collapse By Lucy White For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:21 BST, 6 April 2020 A major lender to troubled NMC Health has filed to have the company put into administration. Abu Dhabi Commercial Bank (ADCB), which is … Read more
NMC probe uncovers fraud: Ailing health firm notifies authorities of suspected illegal activity By Daily Mail City & Finance Reporter Published: 23:10 GMT, 12 March 2020 | Updated: 00:27 GMT, 13 March 2020 Ailing NMC Health has admitted it may have found evidence it was involved in fraud. The FTSE 100 hospital operator, which runs … Read more
NMC debt mountain £2bn bigger than thought: Scandal-hit hospital builder is plunged even deeper into crisis By Matt Oliver For The Daily Mail Published: 22:51 GMT, 10 March 2020 | Updated: 22:51 GMT, 10 March 2020 NMC Health’s debt mountain is £2billion bigger than previously thought, plunging it even deeper into crisis. In another extraordinary … Read more
Trump golf pal sparks NMC bid talk By Jamie Nimmo, Financial Mail On Sunday Published: 23:46 GMT, 7 March 2020 | Updated: 23:46 GMT, 7 March 2020 Donald Trump’s business partner in Dubai has built a significant stake in NMC Health, sparking speculation that he could be eyeing a bid for the embattled hospitals operator. … Read more
Following months of turbulent trading, NMC Health, Tui and Kingfisher are all set to lose their spots on the prestigious FTSE 100. They will be expelled from the blue-chip index this month in the next reshuffle, which is based on last night’s prices. FTSE Russell conducts a reshuffle every quarter to ensure major indices contain … Read more
Now crisis-hit NMC Health fires chief exec after investigators find ‘potential discrepancies’ on its balance sheet By Daily Mail City & Finance Reporter Published: 21:54 GMT, 26 February 2020 | Updated: 21:54 GMT, 26 February 2020 NMC Health said it had removed Prasanth Manghat ‘with immediate effect’ Crisis-hit NMC Health has fired its chief executive … Read more