NMC Health hires Moelis for debt restructuring - sources - Reuters

NMC Health hires Moelis for debt restructuring - sources - Reuters:

NMC Health (NMC.L), the UAE healthcare company, has hired Moelis & Co (MC.N) to advise on a debt restructuring, three sources familiar with the matter said on Sunday. 

The sources said NMC had hired Moelis in relation to its ability to meet debt obligations.

Britain’s Financial Conduct Authority (FCA) said on Feb. 27 it would investigate the finances of NMC Health, whose shares were suspended on the London Stock Exchange last week.

NMC, part of the FTSE 100 index of leading shares has said it would cooperate with the FCA and any other relevant authorities. It had earlier said it was focused on providing clarity to the market as to its financial position.

The company’s shares have lost more than half of their value since last December when U.S. based short-seller Muddy Waters first questioned its financial statements. NMC’s own review of its finances is being led by former FBI boss Louis Freeh.