Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNMC.L Regulatory News (NMC)

  • There is currently no data for NMC

2014 Half-Year pre-close statement

26 Jun 2014 12:58

RNS Number : 6486K
NMC Health Plc
26 June 2014
 



 

 

 

NMC Health Plc

Opening of two new hospitals and 2014 Half-Year pre-close statement

 

 

London, 26 June 2014: NMC Health Plc (LSE:NMC / 'NMC'), the leading integrated private sector healthcare operator in the United Arab Emirates, today announces its trading update for the period from 31 December 2013 to 25 June 2014 and that both Brightpoint Womens Hospital and DIP General Hospital are expected to open and to start receiving patients in the first week of July 2014.

 

Trading Update

NMC expects to report results and a financial position in line with management expectations for the six months ended 30 June 2014.

 

Opening of Brightpoint and DIP Hospitals

NMC is pleased to announce that it expects to open Brightpoint Womens Hospital in Abu Dhabi (100 bed capacity) and DIP General Hospital in Dubai (60 bed capacity) in the first week of July 2014. All Regulatory licences have been received to start seeing patients in relation to Brightpoint Womens Hospital and DIP General Hospital.

 

As a result, NMC has achieved two further major milestones having now completed four out of the five additional healthcare facilities which were committed to during its IPO in April 2012 (1: BR Medical Suites, 2: NMC Day Surgery in Mussafah, 3: Brightpoint Womens Hospital and 4: DIP General Hospital).

 

With the start of operations at these new assets in the first week of July 2014, the bed capacity available to the group will increase by 52%, an increase of 160 beds (a 55% increase in capacity in Dubai and a 50% increase in Abu Dhabi Emirate). This brings total bed capacity to 470 beds across the UAE, of which 64% are in Abu Dhabi and 36% in Dubai.

 

Both these new healthcare facilities will commence operations with highly experienced teams of medical and administrative staff, which we will continue to expand along with the growth in operations.

 

Brightpoint, will be the first private sector womens hospital in Abu Dhabi. It occupies a modern building in a strategic city centre location accessible through several key traffic arteries and with ample parking space available for the convenience of patients.

 

DIP General Hospital will be a needed addition to the rapidly growing residential and commercial areas around Dubai Investment Park, Dubai World Central and the planned Dubai Expo zone. DIP is also a timely expansion for NMC ahead of Dubai's roll-out of mandatory healthcare insurance later this year, where an estimated 66% of the 3m population remains uninsured according to Dubai Health Authority (DHA).

 

The development of our largest capital project, Khalifa City Hospital, and the Sanaiya Medical Center in Al Ain, are both progressing well and remain on track to open in H1, 2015 and H2, 2014 respectively.

 

Annual General Meeting

NMC is today holding its Annual General Meeting commencing at 2.00 pm. The result of voting on the resolutions being considered at the Annual General Meeting will be announced following that meeting.

 

 

Dr B.R.Shetty, Chief Executive Officer, commented:

 

"The Management team and the Board are pleased with the group's performance during the first half of 2014 and in particular with the completion of two of our largest and most ambitious expansion projects, the Brightpoint and DIP Hospitals.

 

I look forward to the imminent opening of these two hospitals and the long-term growth they will bring to our operations by expanding our geographic presence, increasing our service offering and our competitive advantage in the fast growing UAE market."

 

Interim Results

 

Interim results for the six months ended 30 June 2014 will be announced on 19 August 2014. NMC will host an analyst/investor webcast on that day.

 

Further details will be announced in due course.

 

 

Contacts

 

Investors

 

NMC Health

Prasanth Manghat, Chief Financial Officer +971 50 522 5648

Roy Cherry, Head of Strategy and Investor Relations +971 50 667 0184

 

Media

 

Brunswick London

Justine McIlroy / Azadeh Varzi +44 20 7404 5959

 

Brunswick Gulf

Steve Martin +971 5 6696 9232

Wajih Halawa +971 5 0100 9207

 

About NMC

NMC Health plc group is the leading integrated private sector healthcare operator in the United Arab Emirates, with a nation-wide network of hospitals and operations in the country since 1975. The Healthcare division currently operates or manages five hospitals, two day-care patient centres, one medical centre and eight pharmacies. The company received 2.1m patients in 2013. The group also operates a significant UAE wide Distribution business supplying product lines across several key market segments, including: Pharmaceutical, FMCG, Food and Scientific and Medical Equipment. NMC Health plc group reported revenues of US$ 550.9m in 2013.

 

In April 2012 NMC Health plc was listed on the Premium Segment of the London Stock Exchange. At the time of its IPO, the group raised funds to enable it to pursue a further growth plan with a number of capital projects for new healthcare facilities in Abu Dhabi and Dubai. NMC Health plc is a constituent of the FTSE 250 Index.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPGUAAQUPCGGQ
Date   Source Headline
13th Oct 201510:23 amBUSForm 8.3 - NMC Health Plc Amendment
13th Oct 20159:39 amBUSForm 8.3 - NMC Health Plc
12th Oct 20153:21 pmBUSForm 8.3 - NMC HEALTH PLC
12th Oct 20153:10 pmRNSForm 8.3 - NMC Health Plc
12th Oct 20153:06 pmRNSForm 8.3 - NMC Health Plc
12th Oct 20153:04 pmRNSForm 8.3 - Al Noor Hospitals Group Plc
12th Oct 20152:33 pmRNSForm 8.3 - NMC HEALTH GROUP PLC
12th Oct 20151:42 pmRNSBoard Change
12th Oct 201511:35 amRNSForm 8.5 (EPT/RI)
12th Oct 201510:37 amRNSForm 8.5 (EPT/RI)-NMC Health Plc
12th Oct 20157:00 amRNSRule 2.10 Announcement
9th Oct 20153:00 pmRNSNMC Health confirms a possible offer for Al Noor
9th Oct 20152:18 pmRNSStatement re Possible Offer
28th Sep 20157:00 amRNSDirector/PDMR Shareholding
9th Sep 20151:53 pmRNSDirector/PDMR Shareholding
26th Aug 20157:00 amRNSHalf Yearly Report
25th Aug 201510:48 amRNSClosing of ProVita acquisition
24th Aug 20153:41 pmRNSNMC Opens New Super Speciality Hospital in UAE
17th Aug 20151:22 pmRNSClosing Dr Sunny Healthcare Group acquisition
10th Aug 201510:28 amRNSNotification of Half Year Results
18th Jun 20154:35 pmRNSPrice Monitoring Extension
16th Jun 20155:04 pmRNSResults of voting at Annual General Meeting
15th Jun 20157:00 amRNSAcquisition of ProVita
4th Jun 20157:05 amRNSClosing of Americare Group acquisition
4th Jun 20157:00 amRNSAppointment of J.P.Morgan Cazenove
20th May 201511:30 amRNSDirector/PDMR Shareholding
20th May 20159:00 amRNSAGM and Dividend Timetable
29th Apr 20157:00 amRNSAcquisition
7th Apr 20151:39 pmRNSNOTIFICATION IN ACCORDANCE WITH RULE 3.1.4 (1) (a)
30th Mar 20157:00 amRNSAppointment of FTI Consulting
30th Mar 20157:00 amRNSAppointment of HSBC as Joint Corporate Broker
26th Feb 20151:58 pmRNSDirector/PDMR Shareholding
26th Feb 201511:48 amRNSOptions grant award announcement
24th Feb 20157:02 amRNSAcquisition of Clinica Eugin
24th Feb 20157:00 amRNSFY 14 Results
16th Feb 20157:00 amRNSNew Financing Facility & Update to Group Strategy
30th Oct 20141:36 pmRNSNOTIFICATION MADE IN ACCORDANCE WITH RULE 3.1.4
28th Oct 20147:00 amRNSInterim Management Statement and Management Change
19th Aug 20147:00 amRNSHALF-YEARLY FINANCIAL REPORT
30th Jun 20141:00 pmRNSNOTIFICATION IN ACCORDANCE WITH RULE 3.1.4 (1)(a)
26th Jun 20144:09 pmRNSBoard Change
26th Jun 20144:07 pmRNSResults of voting at Annual General Meeting
26th Jun 201412:58 pmRNS2014 Half-Year pre-close statement
3rd Jun 20149:53 amRNSAGM and Proposed Board Changes
29th Apr 20147:00 amRNSInterim Management Statement
4th Apr 20144:12 pmRNSNOTIFICATION IN ACCORDANCE WITH RULE 3.1.4 (1) (a)
26th Mar 201410:16 amRNSBoard Change
25th Feb 20141:16 pmRNSDividend Timetable and AGM notice
25th Feb 20147:02 amRNSDirectorate Change
25th Feb 20147:00 amRNSFull Year Results ending 2013

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.