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City watchdog launches probe into stricken NMC Health amid claims founder kept board and shareholders in the dark about loans By James Salmon for the Daily Mail Published: 21:50 GMT, 27 February 2020 | Updated: 22:02 GMT, 27 February 2020 The City watchdog has launched a full investigation into NMC Health as one of the … Read more
NMC Health shares are suspended by the watchdog after accounting debacle at the FTSE 100 hospital group sees its top brass forced out The troubled hospital group fired its chief executive Prasanth Mangat last night American investment firm Muddy Waters first highlighted the problems at NMC By This Is Money Reporter Published: 10:36 GMT, 27 February 2020 … Read more
Now crisis-hit NMC Health fires chief exec after investigators find ‘potential discrepancies’ on its balance sheet By Daily Mail City & Finance Reporter Published: 21:54 GMT, 26 February 2020 | Updated: 21:54 GMT, 26 February 2020 NMC Health said it had removed Prasanth Manghat ‘with immediate effect’ Crisis-hit NMC Health has fired its chief executive … Read more
Billionaire takes stake in hospital operator NMC Health By Ben Harrington And Jamie Nimmo, Financial Mail On Sunday Published: 23:46 GMT, 22 February 2020 | Updated: 23:46 GMT, 22 February 2020 A New Zealand billionaire has quietly built up a significant stake in NMC Health in recent days, raising speculation he could be plotting an … Read more
NMC crisis deepens as founder quits: Chairman followed out the door by two more directors in boardroom exodus By Matt Oliver For The Daily Mail Published: 21:50 GMT, 17 February 2020 | Updated: 21:50 GMT, 17 February 2020 Disgraced NMC Health lurched deeper into turmoil after its billionaire founder quit the board. In the latest … Read more
The growing scandal at NMC Health has left the FTSE 100 hospitals group battling for survival. It has also left founder and chairman BR Shetty’s dreams in tatters. The Indian billionaire started NMC in the 1970s in the United Arab Emirates. He also founded Finablr, the finance group that owns Travelex. Critical condition: NMC Health … Read more
Private equity firm KKR rules out a bid for hospitals provider NMC Health as woes deepen By Matt Oliver For The Daily Mail Published: 23:08 BST, 11 February 2020 | Updated: 23:08 BST, 11 February 2020 NMC Health has plunged deeper into crisis after a potential suitor denied an interest in the hospitals provider. In … Read more
Crisis-hit NMC Health started the week with a bang after it said it is considering takeover bids from private equity firms. Shares in the FTSE 100-listed firm, which runs one of the biggest hospital chains in the United Arab Emirates, soared after bosses confirmed they had been approached by KKR and GK Investment with possible … Read more