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
27th Jan 201712:15 pmRNSDirector/PDMR Shareholding
12th Jan 20173:00 pmRNSDirector/PDMR Notification
29th Dec 20161:34 pmRNSResult of General Meeting
19th Dec 20162:19 pmRNSPDMR notification
19th Dec 20161:11 pmRNSNOTIFICATION OF MAJOR INTEREST IN SHARES
19th Dec 20169:06 amRNSTotal Voting Rights
14th Dec 20163:44 pmRNSResults of Placing
14th Dec 20162:11 pmRNSRevised Remuneration Policy - Publ. of Circular
14th Dec 20168:34 amRNSCircular Publication and General Meeting Notice
14th Dec 20168:33 amRNSProposed Placing of New Ordinary Shares
14th Dec 20168:33 amRNSAcquisition
23rd Nov 20165:05 pmRNSHolding(s) in Company
23rd Nov 20164:56 pmRNSHolding(s) in Company
23rd Nov 20164:55 pmRNSHolding(s) in Company
23rd Nov 20164:53 pmRNSHolding(s) in Company
9th Nov 20169:44 amRNSHolding(s) in Company
25th Oct 20164:10 pmRNSDirector/PDMR Shareholding
30th Aug 20167:00 amRNSNMC HEALTH ENTERS SAUDI ARABIAN MARKET
24th Aug 20167:00 amRNSHalf-year Report
23rd Aug 201611:06 amRNSNotice of Results
22nd Jul 20169:52 amRNSDirector/PDMR Shareholding
3rd Jun 20165:18 pmRNSResults of voting at Annual General Meeting
6th May 20162:54 pmRNSAGM and Publication of Circular
13th Apr 20169:49 amRNSDirector/PDMR Shareholding
15th Mar 20164:00 pmRNSDirector/PDMR Shareholding
14th Mar 20167:00 amRNSFinal Results
8th Mar 201610:05 amRNSNotice of Results
8th Mar 20167:00 amRNSNMC Royal Hospital Officially Opened
1st Feb 201610:42 amRNSClosing acquisition of majority stake in Fakih IVF
26th Nov 20157:51 amRNSForm 8.5 (EPT/NON-RI)
24th Nov 20159:15 amRNSForm 8.5 (EPT/NON-RI)
24th Nov 20158:30 amRNSAcquisition
20th Nov 20157:54 amRNSForm 8.5 (EPT/NON-RI)
19th Nov 201510:56 amRNSForm 8.3 -NMC Health PLC
19th Nov 20159:51 amRNSUPDATE ON PROGRESS OF GROUP STRATEGY
18th Nov 20153:22 pmRNSForm 8.3 - Al Noor Hospitals Group PLC
17th Nov 20153:23 pmRNSForm 8.3 - NMC Health PLC
17th Nov 20152:52 pmRNSForm 8.3 - Al Noor Hospitals
17th Nov 20152:19 pmRNSForm 8.5 (EPT/RI) NMC Health Plc
17th Nov 201511:31 amRNSForm 8.5 (EPT/RI)
17th Nov 201511:00 amRNSForm 8.5 (EPT/RI) - NMC Health Plc
17th Nov 201510:25 amRNSForm 8.3 - NMC Health PLC
17th Nov 20159:42 amRNSForm 8.3 - Al Noor Hospitals Group PLC
17th Nov 20159:35 amRNSForm 8.3 - NMC Health Plc
16th Nov 20153:09 pmBUSForm 8.3 - NMC Health plc
16th Nov 20153:00 pmRNSForm 8.3 - Al Noor Hospitals Group plc
16th Nov 20152:24 pmRNSForm 8.3 - NMC Health PLC
16th Nov 201512:35 pmRNSForm 8.5 (EPT/RI) NMC Health Plc
16th Nov 201512:32 pmRNSRule 2.8 Announcement
16th Nov 201511:54 amBUSForm 8.3 - NMC Health Plc

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.