NMC Health

NMC Health (Arabic: مستشفى المركز الطبي الجديد‎) is a healthcare chain and distribution business in the United Arab Emirates (UAE). The company is headquartered in Abu Dhabi and has branch offices in Dubai, Ajman, Al Ain and Northern Emirates. The Company operates and manages over 200 facilities in 19 countries.

The company was accused in 2019 of understating debt on its balance sheet and later revealed that debt facilities of $2.7 billion had not been reported.

On 8 April 2020, NMC was placed into administration by a UK High Court judge Sebastian Prentis due to the insolvency of the company caused by alleged frauds committed by the founder and then-chairman of the board B. R. Shetty.

Type:                     Public

Traded as:           LSE: NMC (Suspended as of 9 April 2020)

Industry:              Health

Founded:            1974

Founder:             B. R. Shetty

Headquarters:   Abu Dhabi, United Arab Emirates

Website:              www.nmchealth.com