Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNMC.L Regulatory News (NMC)

  • There is currently no data for NMC

New O&M Contract

23 Aug 2017 07:15

RNS Number : 7128O
NMC Health Plc
23 August 2017
 

23 August 2017

 

NMC Health plc

(the "Company" or "NMC")

 

New O&M Contract

 

NMC Health plc (LSE:NMC), the leading integrated healthcare provider operating across the United Arab Emirates today announces it has signed a new O&M contract for the management of Emirates Healthcare assets, comprising three brands:

 

· Emirates Hospitals and Clinics: General medical services across six Emirates in the UAE

· CosmeSurge: Provider of cosmetic medical services in the UAE with 1 clinic in the UK

· Emirates Rehab and Homecare Services: Rehabilitation segment that provides home nursing, rehabilitation, therapeutic care and home-based care. Present in the UAE, Slovakia and Oman

 

NMC also recently extended the management contract for the 205 bed Sheikh Khalifa General Hospital in Umm Al Quwain (managed on behalf of the UAE Ministry of Presidential Affairs) for a further five years. The original contract was the first ever awarded by a Government Department to a local UAE business to manage a large Government healthcare facility, demonstrating confidence in NMC's significant healthcare experience and capabilities.

 

NMC is now managing multiple private and public sector healthcare facilities across varied geographies. Total annual revenues from the O&M vertical are set to reach USD $ 19m. These contracts continue to be associated with good returns and require minimal capital expenditure or working capital on part of the Group.

 

 

Enquiries:

 

NMC Health plc

Prasanth Manghat, Chief Executive Officer

+971 (0)50 522 5648

Suresh Krishnamoorthy, Chief Financial Officer

+971 (0)50 591 5365

Asjad Yahya, Investor Relations

 

Media:

FTI Consulting, London

Brett Pollard / Mo Noonan

+44 (0)20 3727 1100

 

FTI Consulting, Gulf

Shane Dolan

+971 (0)4 437 2100

 

 

About NMC Health

 

The NMC group (the "Group") is the leading private sector healthcare operator in the United Arab Emirates, with a nation-wide network of hospitals and operations in the country since 1975. The Group currently operates or manages eight hospitals, two day-care patient centres, nine medical centres and fifteen pharmacies. In addition, the Group owns and operates Clinica Eugin in Barcelona, Spain - one of the leading fertility treatment centres globally. NMC also owns a 51 per cent. shareholding in Fakih IVF Group, the Middle East market leader for in-vitro fertilisation ("IVF") services. Moreover, NMC also owns and operates Americare Group, the leading home care provider in the UAE as well as ProVita, the pioneering provider of long-term medical care, also in the UAE. The enlarged company received almost 4.3 million patients in 2016. The Group is also a leading UAE supplier of products and consumables across several key market segments, with the major contribution coming from healthcare related products. The Group reported revenues of US$1,220.8 million for the year ended 31 December 2016.

 

In April 2012 NMC was listed on the Premium Segment of the London Stock Exchange. NMC is a constituent of the FTSE 250 Index.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTPTMFTMBITBIR
Date   Source Headline
19th Mar 20184:01 pmRNSSale of Shares
19th Mar 20183:55 pmRNSExercise of share options
15th Mar 20184:56 pmRNSAmendment: Exercise of Options and Sale of Shares
15th Mar 20184:24 pmRNSGrant of Options
9th Mar 201811:02 amRNSGrant of Options
9th Mar 201811:02 amRNSGrant of Options
7th Mar 20187:00 amRNSFinal Results
28th Feb 201812:36 pmRNSNotice of Results
8th Feb 20189:08 amRNSDirector/PDMR Shareholding
6th Feb 20183:13 pmRNSDirector/PDMR Shareholding
2nd Feb 20187:00 amRNSAppointment of Joint Corporate Broker
29th Jan 20187:00 amRNSCompletion of Fakih IVF acquisition
22nd Jan 20187:00 amRNSEarnings accretive acquisitions in the UAE and KSA
4th Jan 20187:00 amRNSAcquisitions of outstanding minority interests
20th Dec 20177:00 amRNSGroup Strategy & Trading Update
11th Dec 20171:42 pmRNSDirector/PDMR Shareholding
1st Dec 20171:46 pmRNSDirector/PDMR Shareholding
30th Nov 20171:39 pmRNSTotal Voting Rights
28th Nov 20174:25 pmRNSDirector/PDMR Shareholding
24th Nov 20171:26 pmRNSPDMR Notification
17th Nov 20172:09 pmRNSDirector/PDMR Shareholding
17th Nov 20172:00 pmRNSExercise of share options
26th Oct 20171:28 pmRNSShare Plans Block Listing Application
13th Oct 20179:46 amRNSPDMR notification
25th Sep 20178:00 amRNSSignificant Expansion into Kingdom of Saudi Arabia
22nd Sep 20171:47 pmRNSDirector/PDMR Shareholding
19th Sep 20171:24 pmRNSHolding(s) in Company
14th Sep 20179:11 amRNSHolding(s) in Company
8th Sep 20174:22 pmRNSDirector/PDMR Shareholding
7th Sep 20173:40 pmRNSDirector/PDMR Shareholding
23rd Aug 20177:15 amRNSNew O&M Contract
23rd Aug 20177:00 amRNSHalf-year Report
22nd Aug 20172:37 pmRNSHolding(s) in Company
18th Aug 20177:00 amRNSNotice of Results
20th Jul 20172:40 pmRNSPDMR Notification
11th Jul 20172:18 pmRNSHolding(s) in Company
29th Jun 20177:02 amRNSNMC Health Board Changes
29th Jun 20177:00 amRNSTransfer of shareholding between concert parties
12th Jun 201711:00 amRNSDirector/PDMR Shareholding
9th Jun 20172:30 pmRNSDirector/PDMR Shareholding
23rd May 20174:08 pmRNSResults of Voting at AGM
18th May 20174:43 pmRNSDirector/PDMR Shareholding
9th May 20174:39 pmRNSDirector/PDMR Shareholding
2nd May 20177:00 amRNSAbu Dhabi regulatory and trading update
24th Apr 20173:38 pmRNSNMC Health AGM and Dividend Timetable
24th Mar 201710:25 amRNSNMC Completion of Acquisition of Al Zahra Hospital
8th Mar 20178:00 amRNSNMC Health promotes Prasanth Manghat to CEO
8th Mar 20177:00 amRNSNMC Final FY 2016 Results
2nd Mar 201711:56 amRNSUPDATE ON PROPOSED ACQUISITION OF AL ZAHRA
1st Mar 20177:00 amRNSNotice of Results

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.