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NMC reveals plan to file for administration in Abu Dhabi

NMC Healthcare LLC plans to file for administration in Abu Dhabi, the UAE hospital operator has confirmed. In a presentation posted on its website, the...

BR Shetty’s NMC Health nears $250mn debt financing: Sources

According to sources, B R Shetty's NMC Health is all set to sign off on a $250 million debt financing from UAE banks. The...

B R Shetty’s NMC depends on $250mn debt for survival

According to analysts, B R Shetty's struggling NMC Health's survival prospects could depend on the company raising around $250 million in debt as it...

Good News for B R Shetty’s NMC Health; Potential Buyer lines...

Emerging reports suggest that Abu Dhabi based investment group Yas Holding is looking to buy a portion of the biggest private provider of healthcare in...

NMC Healthcare restructuring plans could be based at Abu Dhabi

BR Shetty owned NMC Healthcare LLC, the UAE company of NMC Health is considering applying locally for restructuring and insolvency proceedings, according to sources...

BR Shetty’s Travelex gives control to its lenders

Travelex, the travel exchange firm owned by Finablr Group of BR Shetty has agreed towards providing its lenders full ownership of the company in...

“We are on the right track to turn the company around”...

NMC Health has drawn up a 3-year turnaround plan and it would be able to make a comeback, believes the acting CEO, Michael B....

NMC Health lists for insolvency in the US

UAE based hospital operator NMC Health which has been battered by accusations of a multi-billion dollar scam has registered bankruptcy protection in the United...
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