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02 March 2020

NMC Health hires Moelis for debt restructuring

Before the Muddy Waters report, NMC Health’s shares, part of the FTSE 100 Index, had risen more than 12-fold since listing in London eight years ago

by Kudakwashe Muzoriwa

NMC Health has hired Moelis & Co. to advise on a debt restructuring.

Standard Chartered, First Abu Dhabi Bank and HSBC Holdings are among the banks that provided debt to the company.

Bloomberg reported that Abu Dhabi’s Mubadala Investment Company is considering a potential investment in NMC Health—an indication that the emirate is keen to address the worsening crisis at the troubled hospital operator.

The discussions between NMC Health and Mubadala are said to be in the preliminary stages. The state investor is weighing a range of options regarding the Middle East’s largest health care provider, including buying a stake and taking a board seat.

Similarly, investors linked to Italian hospital operator Gruppo Ospedaliero San Donato said that they’re studying a possible offer for NMC Health and are working with financial advisers. However, KKR & Co has said it’s not making an offer for the business after NMC Health said that it received an approach from the buyout firm.


RELATED STORIES: NMC Health Moelis & Co. HSBC Holdings First Abu Dhabi Bank Standard Chartered KKR & Co





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