NMC Health founder BR Shetty resigns as crisis deepens February 17, 2020 The founder of NMC Health has resigned as its non-executive chairman after stepping back from board discussions when questions were raised over his holdings in the embattled healthcare provider. Indian billionaire BR Shetty, a joint controlling shareholder in NMC Health, resigned from its board with immediate effect yesterday, the company announced this morning. Chief investment [...]
NMC Health shares tumble on double downgrade from Societe Generale February 13, 2020 Shares in NMC Health fell as much as 11 per cent on Thursday after the embattled hospital operator was hit with a double rating downgrade from Societe Generale. Analysts at the French bank slashed NMC’s price target by 85 per cent, saying that confidence in the company, the biggest healthcare operator in the United Arab [...]
KKR denies approaching embattled NMC Health on possible offer February 11, 2020 KKR has ruled out a possible takeover of NMC Health, one day after the embattled FTSE 100 hospital operator said it had been approached by the US investment firm. NMC Health said yesterday that it had received approaches regarding potential takeover offers from KKR and GK Investment Holding, but KKR this morning denied making an [...]
Investment firms circle for embattled NMC Health February 10, 2020 Shares in embattled hospital operator NMC Health rose 32.31 per cent today after the firm received a multiple approaches regarding a potential takeover from investment firms including KKR. The group, which runs hospitals in the Middle East, said that the offers were “highly preliminary” and that there could be “no certainty that any offer will [...]
NMC Health hires former FBI director to probe short attack allegations January 17, 2020 NMC Health has appointed former FBI director Louis Freeh to look into allegations of financial wrongdoing by the company made by US short-seller Muddy Waters. The hospital operator’s shares have plummeted 44 per cent since Muddy Waters published a report raising “serious doubts” about the company’s finances and asset valuations on 17 December. NMC Health [...]
NMC Health hits back at Muddy Waters following short attack December 18, 2019 NMC Health has hit back at Muddy Waters after an attack by the short seller yesterday wiped around £1.75bn off the value of the FTSE 100 healthcare operator. Shares in NMC plunged as much as 42 per cent yesterday – the most on record – after the US short seller published a 34-page report raising [...]
NMC Health share price soars 42 per cent on stake sale report August 22, 2019 Shares in FTSE 100 listed NMC looked healthy this morning as they rose by as much as 42 per cent after reports that two companies were looking to buy a major stake in the firm. The the 40 per cent stake is owned by two Emirati businessmen and could sell for $1.9bn (£1.6bn) to two [...]
NMC Healthcare raises guidance after Saudi Arabia pension fund deal May 28, 2019 NMC Healthcare's share price rose more than seven per cent today after the Abu Dhabi-based company raised its full-year guidance on the back of a partnership with Saudi Arabia’s state-run pension fund. Read more: NMC Health shares soar following Aspen acquisition and profits rise The private hospital and care provider now expects sales of between $2.5bn [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
FTSE risers and fallers: Housebuilders climb on reports of Brexit delay January 11, 2019 Brexit sensitive housebuilders were the biggest risers in the FTSE 100 today after it was reported that the deadline for the UK’s departure from the European Union could be extended. Taylor Wimpey, Persimmon and Barrett Development took the top spots in the FTSE 100 today after it was revealed that a backlog of six essential bills, [...]