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Scandal-Hit NMC Health Sells Fertility Business to Fresenius

Scandal-Hit NMC Health Sells Fertility Business to Fresenius Bloomberg 12/21/2020 Archana Narayanan © Bloomberg The national flag of the United Arab Emirates flies outside the NMC Speciality Hospital, operated by NMC Health Plc, in Dubai, United Arab Emirates, on Sunday, March 1, 2020. Troubled NMC Health Plc, the largest private health-care provider in the United Arab Emirates, asked lenders for an informal standstill on its debt as Dubai weighs an injection of capital to safeguard the emirate’s reputation among global investors. (Bloomberg) Middle Eastern hospital operator NMC Health, which collapsed earlier this year after uncovering billions in hidden debt, agreed to sell its lucrative fertility business to German health-care company Fresenius SE.

Troubled UAE healthcare major NMC sells IVF business for $523m

Troubled UAE healthcare major NMC sells IVF business for $523m
arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.

NMC Healthcare founder BR Shetty s firm Finablr Plc sold for $1

Mystery illness hits in Andhra, Jagan Mohan Reddy visits hospital to interact with patients Rags to riches makes for inspirational stories, unfortunately riches to rags is what makes for a viral story. Interestingly, India has plenty of both. One of those joining the list happens to be UAE-based Indian billionaire BR Shetty s company Finablr Plc, which is getting ready to sell its business to an Israeli-UAE consortium for a shocking $1. It was only last December the company was valued at $2 billion (Rs 14,700 crore). The company reported more than $1 billion in undisclosed debts in April. NRI billionaire Bavaguthu Raghuram Shetty, founder of NMC HealthWikimedia Commons

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