Is $2 billion too high or low for UAE’s NMC Health? | Markets – Gulf News:
A new investor – preferably from within the UAE - buying up NMC would be the best cure the UAE’s troubled hospital operator can hope for in the circumstances, according to industry sources.
“NMC is systemically important to the UAE economy and society because of its status as a healthcare operator,” said a source in the banking industry. “The problems at NMC right now have to do with bad decisions being made… so far, there’s no issue on how the hospitals and other facilities within the network function.
“But if the current situation continues and there are delays to a buyer coming in, then it could at some point hit NMC’s reputation… and when that suffers, it will cause problems on day-to-day running.”
Already, some of it is visible in NMC corporate corridors – in recent weeks, there have been quite a few departures of senior management personnel, and which accelerated after the dismissal of the hugely influential CEO, Prashant Manghat last week.
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