Abu Dhabi News: B. R. Shetty's NMC May Get Wealth Fund Deal - Bloomberg:
Abu Dhabi wealth fund Mubadala Investment Co. is considering a potential investment in NMC Health Plc -- a sign the emirate is keen to address the worsening crisis at the troubled hospital operator, people familiar with the matter said.
Mubadala has held early discussions to look at a range of options regarding the Middle East’s largest health care provider, including buying a stake and taking a board seat, the people said, asking not to be identified as the matter is private.
While discussions are ongoing, there can be no guarantee of a transaction given the complex issues facing the company, the people said. Representatives for Mubadala and NMC declined to comment.
The potential deal comes as NMC faces allegations by Carson Block’s Muddy Waters Capital LLC that its financial statements hint at potential over payment for assets, inflated cash balances and understated debt. The company has said the allegations are baseless, but in January hired former FBI Director Louis Freeh to investigate.
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