24 Mar 2017 10:25
24 March 2017
NMC Health plc
(the "Company" or "NMC")
Completion of acquisition of the Al Zahra Hospital
NMC Health plc (LSE:NMC), the leading integrated healthcare provider operating across the United Arab Emirates (the "UAE"), is pleased to announce that the acquisition (the "Acquisition") of Al Zahra Hospital in Sharjah (the "Al Zahra Hospital") from Gulf Medical Projects Company ("GMPC") has completed. As stated in the full year results, NMC will consolidate the Acquisition from 1 February 2017.
Enquiries:
NMC Health plc
Prasanth Manghat, Chief Executive Officer
+971 (0)50 522 5648
Suresh Krishnamoorthy, Chief Financial Officer
+971 (0)50 591 5365
J.P. Morgan Cazenove
+44 (0)20 7742 4000
Sjoerd LeenartJames Mitford
Alex Bruce
Standard Chartered Bank
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Arnab Chatterjee
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Joelle Korban
HSBC
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Stuart Dickson
Richard Fagan
Rahul Khanna
Media:
FTI Consulting, London
Matthew Cole
+44 (0)20 3727 1101
FTI Consulting, Gulf
Shane Dolan
+971 (0)4 437 2100
About NMC
NMC Health plc 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. NMC currently operates or manages four strategic verticals within its healthcare division. In addition, the Group is also a leading UAE supplier of products and consumables across several key market segments, through its distribution division, with the major contribution coming from healthcare related products. The enlarged company received almost 4.3m 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. NMC Health plc group reported revenues of US$1220.8m in 2016.
In April 2012 NMC Health plc was listed on the Premium Segment of the London Stock Exchange. NMC Health plc is a constituent of the FTSE 250 Index.