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Monday, 20 March 2017

UAE hospital operator NMC Health to pursue Gulf expansion, debut bond | Reuters

UAE hospital operator NMC Health to pursue Gulf expansion, debut bond | Reuters:

"United Arab Emirates-based hospital operator NMC Health plans to expand in Gulf markets with a debut bond issue to fund acquisitions, its new chief executive said on Monday.

NMC is among the beneficiaries from substantial growth in the Gulf's healthcare sector as an increasingly wealthy population becomes more susceptible to lifestyle diseases such as diabetes and obesity.

The company's main focus since its London listing in 2012 has been its UAE home market, where it has both built and acquired hospitals, including last month's completion of the purchase of Al Zahra Hospital in Sharjah for $560 million."



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