NMC Health plc (LON:NMC), the leading private healthcare operator in the Gulf Cooperation Council (GCC) with international services across 17 countries, announced today that The Company has taken note of questions it has been receiving on the back of various news articles regarding acquisition of assets in India. NMC denies such news and reaffirms its current focus on the GCC market for capital deployment. The Fertility business and O&M vertical remain the only exceptions to the above and maintain a wider geographic focus.
NMC Health Plc the leading private healthcare operator in the GCC with an international network of hospitals across 17 countries. NMC also ranks as one of the top 3 in-vitro fertilisation (“IVF”) operators globally. The Group is also a leading provider of long-term medical care in the UAE through its subsidiary ProVita. Pursing an aggressive international expansion program from 2016, the company now has over 34% of its licensed bed capacity in the Kingdom of Saudi Arabia (KSA), where the company has introduced long-term and multi-specialty care services. Moreover, the recent formation of a joint venture with GOSI/Hassana Investment Company is set to substantially boost the Group’s bed capacity in KSA, with the JV expected to be the second largest healthcare operator in the Kingdom in terms of number of beds. NMC received over 5.7m patients in 2017. 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. The Group reported revenues of US$1.6 billion for the year ended 31 December 2017.
