Hospital group NMC Health has received expressions of interest from more than 60 potential bidders for its international fertility business, one of the first non-core assets it plans to sell as part of a recovery plan, its acting CEO said on Wednesday.
NMC Healthcare LLC plans to file for administration in Abu Dhabi, the UAE-based hospitals operator said, as it targets a three-year recovery plan involving a debt moratorium, debt restructuring and asset sales.
NMC’s acting CEO Michael Davis and Marija Simovic, managing director of NMC’s administrators Alvarez & Marsal, told Reuters the Boston IVF business may be included in the sale process alongside the Spain-based Eugin IVF unit.
Reuters reported in June that the administrators of NMC have selected Perella Weinberg Partners to advise on the sale.
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