UAE's NMC Health expects acquisitions to drive 2016 earnings jump | Reuters:
"NMC Health, the United Arab Emirates-based healthcare provider, expects earnings to increase by 45 percent this year on the back of recent and future acquisitions as well as organic growth, its deputy chief executive said on Sunday.
The company could also tap loan and convertible bond markets to supplement the near-$300 million it has available for acquisitions, Prasanth Manghat told Reuters.
NMC, like a number of other healthcare companies, is benefiting from substantial growth in the UAE healthcare sector as an increasingly wealthy population becomes more susceptible to lifestyle diseases such as diabetes."
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