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Kuwait International Bank to sell its total exposure to NMC Health

Kuwait International Bank (KIB) is recouping some of the money NMC Health owes it by selling off the healthcare group's debt.  The lender has an...

Mubadala plans to acquire NMC hospital business

Abu Dhabi state-owned sovereign wealth fund Mubadala Investment Company is reportedly considering purchasing NMC Health’s core hospital business, becoming yet another suitor for the...

Abu Dhabi’s NMC sells its IVF facility Eugin Group for $525mn

Abu Dhabi's NMC Health (NMC) has inked a deal with a German private healthcare company Fresenius Helios to sell its specialty IVF-care business Eugin...

E&Y-NMC relation under scrutiny as administrators prepare for legal action

Alvarez & Marsal, the current administrator of recovering Abu Dhabi-based healthcare chain NMC Health have initiated preliminary steps towards legal action against the firm's...

NMC Health to be restructured or sold by April 2021: Administrators

Administrators of NMC Health, the largest healthcare providers in the UAE, are looking to achieve either a lender-led restructuring or a sale of the...

NMC Health’s UAE operations put under administration

Alvarez & Marsal, a global professional service firm, has been assigned as administrators to the UAE operations of NMC Healthcare, the largest private healthcare...

NMC fraud continued over 8 years, documents destroyed: Chief

The alleged fraud which led to the UAE based healthcare group, NMC Health being put into administration was reportedly carried out over at least...

Cheaper COVID tests on flights; flydubai allies with UAE private healthcare...

Dubai's budget airline flydubai and few other aviation companies are now collaborating with the UAE’s health care groups to provide COVID-19 tests for passengers...
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