Company
NMC Health PLC
LON:NMC
NMC Healthcare LLC is hospital operator, based in Abu Dhabi.
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NMC Health applies for delisting of shares but investigations continue
“Delisting shares in NMC Health is the logical next step, given the situation we have inherited,” said the administrator
NMC Health to enter administration after discussions with creditors fail
The private hospital operator could not convince creditors to accept changes to its structure in order to avoid administration
NMC Health in talks to avoid administration after bank applies to High Court
The private hospital operator said it was talking to creditors about making “material changes” to its corporate governance and the composition of the board
NMC Health unearths huge pile of "undisclosed" debt and mystery cheques
The US$1.6bn of new debt that has been discovered could be described as a mix of ‘known unknowns’ and ‘unknown unknowns’
NMC Health probe uncovers “suspected fraudulent behaviour”
Revelations might not come as a surprise after the discovery of a US$2.7bn black hole in accounts and major shareholder shenanigans
NMC Health discovers US$3bn black hole in accounts
The troubled private hospital operator announced on Tuesday afternoon that it had identified over US$2.7bn in previously unknown debt facilities and its total debt was now estimated to be around US$5bn compared to US$2.1bn as at 30 June 201
Archive
NMC Health, Kingfisher and TUI are trio relegated in latest FTSE 100 reshuffle
Coronavirus has had a big impact on travel firm TUI's trading
NMC Health calls for support as borrowings plunged into doubt
Lenders will be able to call on their debts after the combined stake of the company's principal lenders fell below 30%
Archive
Sirius Minerals vote and US jobs key events for next week as results and data flow in shadow of coronavirus
The coming week will also bring the latest FTSE indexes reshuffle alongside figures from household names such as Greggs and ITV
NMC Health faces FCA probe as CEO sacked, "discrepancies" found
An external review found financing arrangements that had not been approved by the board and “potential discrepancies” in ledgers
FTSE flood ahead with numbers from bookies, banks and builders
In the coming week, results are expected from AB Foods, Reckitt Benckiser, WPP, Rio Tinto, William Hill, Flutter Entertainment, StanChart and Metro Bank
NMC Health still confused over who controls major shareholdings
NMC said it “continues urgently to seek clarity” from its three main shareholders and encourages them to agree on a legal position
NMC Health sees three directors check out, including company founder B R Shetty
Since Friday, four directors have now quit the board of the controversy magnet that is NMC Health
NMC Health executive vice chairman resigns after shareholdings misreported
Earlier this week, the Abu Dhabi company said a legal review had revealed that it was not clear how many shares exactly were owned by three controlling shareholders
NMC Health: short-seller says offers "hard to believe"
NMC's shares have fallen more than 70% since hedge fund Muddy Waters issued a critical report in December
NMC Health confirms approaches but ownership waters muddied
The FTSE 100 group also said it had been informed that a legal review has found that major shareholders' stakes have been “incorrectly reported”
NMC Health baffled by latest share price plunge
The hospital operator said the independent review by private investigators into the allegations made by short-sellers Muddy Waters “is proceeding”
NMC Health hit by another share sale
Emirates NBD Bank sold 2.16mln shares, representing 1.04% of the hospital operator’s share capital, as part of the repayment of a loan to the company's two major shareholders
NMC Health calls in former FBI director to unmuddy the waters
"The Committee chose Freeh Group to provide a completely independent, unbiased, comprehensive and transparent report ," said Jonathan Bomford, chairman of NMC's independent review committee