In the balance2 Mar 2020 22:31
Stricken hospitals group NMC begs creditors not to call in their loans
NMC, the private hospitals operator spectacularly imploding following questions over its accounting by short seller Muddy Waters, today appealed to lenders not to call in their loans while it tries to stabilise the business.
The company is facing a major cash crunch having admitted last week to finding discrepancies in its balance sheet.
In June, it declared it had £500 million of cash, but that figure is now seriously in doubt among analysts and lenders to the group.