NMC Health prepares $825 million for international expansion and refinance of debt | The National

NMC Health prepares $825 million for international expansion and refinance of debt | The National:



"NMC Health is raising a US$825 million war chest to help fund the international expansion of the Abu Dhabi-based hospital operator.



It comes as UAE-based healthcare groups gear up to spend billions of dollars on developing new hospitals, clinics and laboratories.



The London-listed NMC has secured commitments from banks for the facility, which includes a $475m chunk to fund acquisitions, with the remaining $350m to be spent on refinancing debt."



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