London-listed NMC Health founder B.R. Shetty has quit the company's board along with several other major shareholders and Shetty appointees. Is he about to launch a take-private bid for his company?
KKR has approached under-fire international healthcare group NMC Health with a view to making a takeover offer, NMC confirms. The London-listed firm has also asked founder BR Shetty its other major shareholder, Khaleefa Butti, to absent themselves from board discussions until their holdings have been clarified.
Middle East asset manager Gulf Capital is making substantial expansion plans to expand in Asia - and Europe - following its $100m acquisition of IVI-RMA Middle East.
Two of the largest shareholders in under-fire UAE-based NMC Healthcare have sold a stake in the beleaguered FTSE 100 company, shares in which plummeted 18% overnight at the announcement between close of trading Tuesday, January 7 and opening on Wednesday, January 8.
Hospital and outpatient provider Aster DM, present in India and six GCC countries, has acquired a medicalised homecare start-up in the UAE. We get insight into this market from CEO of GCC provider Manzil Healthcare.
UAE-based medicalised homecare provider Manzil plans further expansion this year in Kuwait, Saudi Arabia and Singapore - its South East Asian (SEA) springboard from which it hopes to gain a presence in the wider region. We interview CEO Dr Sarper Tanli on business strategy.
London-listed UAE-based NMC Health, which saw its share price plummet after research firm Muddy Waters published a negative report last week, has announced an independent review into "assertions made by certain third parties". Its share price partially recovered at the news.
NMC has come out swinging after its share price plummeted 25% on Tuesday, December 17, a fallout from research firm Muddy Waters publishing a negative report. At the time of writing, its shares have dropped 48% in value from the closing price on Monday.
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