UAE hospital operator NMC keeps revenues and earnings in check in toughest year ever | Markets – Gulf News
NMC Healthcare, the UAE’s biggest privately owned hospital operator, recorded revenues of $1.121 billion, more or less unchanged from $1.203 billion in 2019.
Even more encouraging, earnings before interest and tax were at $87.6 million, which in a year marked by COVID-19 and all the distractions following the diversion of billions of dollars by the previous management. In 2019, the operator had earnings before tax of $101 million.
It served more than 5 million patients across its network during 2020.
The results will give more strength to securing a longer term future for NMC, which in April last was placed under administration. A strategy is being devised that will see NMC shed some or all of its non-core assets, while trying to retain its status as the leading private healthcare operator in the UAE.
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