From the brink of collapse, NMC shows signs of recovery

GCC’s largest for-profit healthcare operator NMC Healthcare has been hitting the headlines for all the wrong reasons for the last 18 months, but with stronger H1 results than expected announced today, and progress on exiting administration, there are signs that it may be turning a corner.

GCC hospital markets at a crossroads

Change is afoot for private hospital operators in the GCC with mandatory insurance rollouts and private sector-friendly reforms offset by squeezed margins and an exodus of foreign nationals. More big US non-profits have followed in the footsteps of their peers Cleveland and Mayo and investors are pouring money into new developments in some markets - but steering well clear of others. Here is our round-up after several weeks interviewing local sources for HBI Intelligence. 

Perella Weinberg sounds out buyers for $1bn+ NMC Health

Sell-side advisors Perella Weinberg are reportedly circulating teasers for in-administration international operator NMC Health's core GCC business with a view to a potential sale in April. We look at the potential for the potential new owners to consolidate the UAE hospital market.

Aster shows Covid impact on India and GCC

Thanks to Covid, Aster DM, the GCC to India clinic, hospital and pharmacy chain, saw a 25% drop in revenue across both geographies in April. May and June have seen improvements with a return to normal expected in the autumn, providing there is no second wave. We look in detail at the impact of Covid in March to June and report full year results to March 2020.

Who might buy NMC’s hospital business?

NMC Health's administrators are making it clear that a wholesale selloff of the UAE's largest healthcare company is not viable. Could any of MENA's largest hospital operators - Mediclinic, VPS, and Aster DM - take over the hospital business? And who will be fighting for the rest? HBI speaks to an investor who knows NMC well to find out more.

Coronavirus compounding expat exodus in GCC countries

The population of GCC countries is set to fall by up to 10%, according to a report by global forecasting and quantitative analysis group Oxford Economics, as coronavirus encourages the largely foreign workforce to leave. HBI speaks to a source in the Gulf to find out how this might effect the insurance / healthcare market there.

Delays in Oman for insurance and hospital construction

Private providers in Oman are still awaiting the introduction of mandatory insurance a year after the country's Capital Market Authority said it would be introduced. Experts suggest a new timeline of Q2 2020 but could construction news also point to further problems in both the public and private healthcare sectors?

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