NMC restructuring or sale to be concluded by April 2021 - The National:
The administrators of NMC Health are looking to complete either a lender-led restructuring or a sale of the business by the end of April next year.
Advisers working on the restructuring also expect to achieve non-core asset sales quickly, with firm bids for the Luarmia IVF clinics based in Spain and UK-based private hospitals company Aspen Healthcare by early next month, they said on a call to NMC’s lenders on Wednesday.
“We want to complete this process and deliver the value to you as quickly as possible. We are trying to get to this point in Q1 2021,” Max Frangulov, managing director of administrators Alvarez & Marsal told lenders.
“Obviously, It’s a very complex situation and we have to resolve things that are popping up here and there all of the time, so we are pinning it at the first half of 2021.”
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