You'll be signed off in 60 seconds due to inactivity

English news

21-Mar-2016

NMC Health expects acquisitions to help drive profit

NMC Health, a UAE based healthcare provider, expects earnings to increase 45% in 2016 on the back of recent and future acquisitions as well as organic growth. The company could also tap loan and convertible bond markets to supplement the near USD300 million it has available for acquisitions. NMC, like a number of other healthcare companies, is benefiting from substantial growth in the UAE healthcare sector as an increasingly wealthy population becomes more susceptible to lifestyle diseases such as diabetes. NMC made five acquisitions last year, four in the UAE and one in Spain. (Reuters)

Learn more about the cookies we use.