NMC Health reveals it has almost $3bn debt unknown to board

NMC Health reveals it has almost $3bn debt unknown to board

The FTSE 100 firm, which is based in Abu Dhabi and runs private hospitals in the Middle East, said it had discovered more than $2.7bn in debt facilities which the company's board was not aware of and had not approved.. The financial watchdog, the Financial Conduct Authority , opened an investigation into the company's finances at end of the February, after the shares were suspended and the firm fired its chief executive, Prasanth Manghat, and granted its chief financial officer, Prashanth Shenoy, "extended sick leave"..