NMC hires Moelis, calls for standstill on loans
2nd Mar 2020 07:03
(Sharecast News) - NMC Health said it had has hired investment bank Moelis to advise on a debt restructuring and asked lenders for an informal "standstill" to stabilise the troubled company's finances.
Read moreSunday newspaper round-up: Coronavirus, Turkey, NMC Health
1st Mar 2020 19:03
(Sharecast News) - Twelve more people have tested positive for the coronavirus in the UK, with one of the patients having no known travel to any of the affected countries. The new cases were announced as Prime Minister Boris Johnson told reporters that he was "very, very confident" that the NHS could cope with an outbreak and urged the public to do their bit by following public health advice. - The Daily Telegraph
Read moreNMC Health shares suspended as accounting scandal grows
27th Feb 2020 08:10
(Sharecast News) - Shares in Gulf healthcare firm NMC were suspended from trading on Thursday after its chief executive was dismissed amid a growing accounting scandal at the firm.
Read moreShareholder Krupa won't take strategic stake in NMC Health
19th Feb 2020 10:56
(Sharecast News) - Shares of NMC Health slumped again on Wednesday after Czech shareholder and activist investor Krupa Global Investments (KGI) said it would not be taking a strategic stake in the UAE healthcare provider.
Read moreNMC founder Shetty quits over share reporting scandal
17th Feb 2020 07:02
(Sharecast News) - Indian billionaire BR Shetty has resigned as a director and co-chair of Middle East healthcare firm NMC Health as the crisis from the unreported share transaction scandal at the company deepened.
Read moreNMC Health investor Bin Yousef quits board
14th Feb 2020 08:23
(Sharecast News) - One of NMC Health's biggest shareholders has resigned from the board of the embattled United Arab Emirates healthcare group.
Read moreNMC Health rallies as investor finds PE firm interested in strategic stake
12th Feb 2020 12:12
(Sharecast News) - Shares of NMC Health surged on Wednesday after shareholder Krupa Global Investments (KGI) said a healthcare group in Central and Eastern Europe was interested in taking a strategic stake in the UAE private healthcare provider.
Read moreNMC confirms bid approaches from KKR, GK Investment
10th Feb 2020 07:10
(Sharecast News) - NMC Health confirmed it had received "highly preliminary" approaches from Kohlberg Kravis Roberts & Co and GK Investment to buy the company as its founder and a major shareholder were forced to step back from the board after their shareholdings had been reported incorrectly to the market.
Read moreNMC Health founder said to be looking to buy out partners
6th Feb 2020 11:09
(Sharecast News) - NMC Health was on the rise on Thursday following a report that the company's founder is looking to buy out his Emirati partners and return to an "active leadership position" at the UAE private healthcare operator.
Read moreBoards risk missing targets for non-white directors
4th Feb 2020 12:19
(Sharecast News) - Board-level complacency and fear of change risk failure to achieve government-approved targets for ethnic minority representation at the top of British business, a report says.
Read moreNMC Health knows 'no specific reason' for Monday's slump
4th Feb 2020 07:39
(Sharecast News) - Following a more than 20% slump in its share price the day earlier, NMC Health said on Tuesday that it was not aware of any specific reason for the fall.
Read moreNMC Health falls as Dubai's Emirates NBD Bank sells stake
24th Jan 2020 07:45
(Sharecast News) - NMC Health was in the red on Friday after Dubai's Emirates NBD Bank sold just under 2.2 million shares in the UAE healthcare provider in a placing.
Read moreNMC Health ropes in Freeh in review of Muddy Waters report
17th Jan 2020 08:57
(Sharecast News) - NMC Health announced on Friday that its independent review committee has retained Louis Freeh, former US federal judge and FBI director, and his firm Freeh Group International Solutions (FGIS) to examine and compile a report regarding allegations raised in the 17 December report from short seller Muddy Waters, and by certain other third parties.
Read moreDirector dealings: NMC Health director ups stake
16th Jan 2020 16:34
(Sharecast News) - NMC Health revealed on Thursday that non-executive director that Patrick James Meade had purchased 3,640 ordinary shares in the private healthcare operator.
Read moreDirector dealings: NMC Health vice-chairman lowers stake
13th Jan 2020 15:47
(Sharecast News) - NMC Health revealed on Monday that vice-chairman Khaleefa Butti Omair Yousif Ahmed Al Muhairi had disposed of 4.64m ordinary shares in the UAE-based healthcare firm.
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