Mubadala considers buying NMC hospital business
Mubadala considers buying NMC hospital business
UAE - Mubasher: Mubadala Investment Company is studying the purchase of the core hospital business of NMC Health, which is now in administration, three sources told Reuters.
Abu Dhabi-based NMC has previously disclosed over $4 billion in unreported debt, resulting in heavy losses to many UAE and overseas lenders.
Hence, NMC is considering selling its healthcare business in the UAE and Oman, which could generate about $1 billion.
The other investors and companies considering the purchase of NMC assets include Abu Dhabi state-owned holding company ADQ and Europe's largest private equity firm CVC.
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