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United Arab Emirates

 

UAE mass tests while private hospital revenues drop 50%

The UAE's decision to mass-test its population for COVID-19 and develop responses at the federal rather than emirate-level look to be paying dividends, notwithstanding its very young population. But how far is the private sector involved in the response, both in the UAE and neighbouring Saudi Arabia? HBI talks to local hospital, lab and advisory sources. 
April 23, 2020

NMC Health goes into administration

Listed NMC Health has been placed into administration by a London court today (Thursday, April 9), following an application by Abu Dhabi Commercial Bank (ADCB). HBI talks to a UAE market expert about what may need to be sold off quickly to keep it afloat.
April 9, 2020

Mediclinic founder stepping down as Chair in July

The founder of EMEA hospital group Mediclinic, Dr Edwin Hertzog, will be replaced as chair of the company board in July, 37 years after he founded the company. What does the choice of replacement signify for the future of the company?
April 9, 2020

Divestment and delayed repayments: How NMC might survive

Is NMC Health a sinking ship, or might it still be saved? HBI speaks to a UAE-based operator to find out how the under-fire group might keep its head above water, the difficult steps it must take to stay afloat, and who conceivably might step in to bail it out.
March 18, 2020

“Green Hospitals”: marketing spiel or strategic advantage?

As climate concern grows and the business world responds, energy-efficiency and sustainability have become strategic priorities for some private hospital operators, helping them win business, cut costs and arguably increase quality through "green hospitals", they claim. But internationally, incentives are a very mixed picture and those cutting emissions fastest are not where you might think.
March 18, 2020

Interview: Shirley Ryan AbilityLab

Shirley Ryan AbilityLab, formerly the Rehabilitation Institute of Chicago, claims to be the largest rehabilitation hospital in the USA, and works with groups from Bulgaria to UAE. HBI talk to Kelly Cox Watkins, Vice President, Market Development and Barry Fleischer, Executive Director, Advisory Services, about how to build a successful rehabilitation service, their groups' focus on patient ability, not adapting to disability and what that means in practice, and about its advisory work.
March 16, 2020

Scandal hit NMC uncovers $2.7bn hidden debt used for unknown purposes

In the latest in a long line of scandalous revelations to hit the UAE's largest for-profit healthcare provider, NMC Health has revealed it has uncovered $2.7bn of debt which was hidden from its board, and used for unknown purposes - bringing its borrowings to a whopping $5bn.
March 12, 2020

NMC shares suspended after CEO fired

Trading in the shares of scandal-hit NMC Health, the UAE’s largest for-profit healthcare provider, has been suspended. The move follows hot on the heels of the removal of the CEO, and the discovery of unauthorised off-balance sheet financing.
February 27, 2020

NMC identifies $335m side deals and sacks CEO

In an announcement put out after trading, the independent review board appointed by NMC has identified side deals on procurement worth US$335m with the founders for which NMC is liable and that were made without board approval. It has also removed Mr Prasanth Manghat from his position of Director and CEO of the Company with immediate effect.
February 26, 2020
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