![]() NMC says it was disappointed with the disclosures made by Shetty and that it is urgently seeking clarity on his shareholding arrangements and holdings in the company.īR Shetty hires investment firm Houlihan Lokey to advise on strategic options for its portfolio and debt restructuring, a source familiar with the matter says. NMC bids for regional rival Al Noor Hospitals Group, sparking a race with South Africa’s Mediclinic, before eventually pulling out over valuation concerns.īR Shetty resigns as joint non-executive chairman, leaving British businessman HJ Mark Tompkins as sole chairman. ![]() NMC becomes the first company from Abu Dhabi to join here the London Stock Exchange. The following is a timeline of events at NMC Health: 1975īavaguthu Raghuram (BR) Shetty establishes New Medical Centre (NMC), the first private healthcare facility in the UAE. The company’s market value since then has fallen to under 2 billion pounds ($2.60 billion), a far cry from its peak value of about 8.4 billion pounds in August 2018. In December, short-selling firm Muddy Waters acquired a short position and criticised NMC finances. ![]() NMC is the largest private healthcare company in the United Arab Emirates and operates a network of clinics and hospitals, specialised maternity and fertility clinics, and long-term care homes and hospitals in 19 countries. Feb 27 (Reuters) - Britain’s Financial Conduct Authority (FCA) will investigate NMC Health, the UAE healthcare company said on Thursday, after trading in its shares on the London stock exchange was suspended.
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