NMC.L - NMC Health Plc

LSE - LSE Delayed Price. Currency in GBp
5.0000
-933.4000 (-99.47%)
As of 4:44PM BST. Market open.
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Previous Close938.4000
Open5.0000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range5.0000 - 5.0000
52 Week Range0.1000 - 3,059.0000
Volume2,000,000
Avg. Volume152,597
Market Cap10.435M
Beta (5Y Monthly)N/A
PE Ratio (TTM)0.04
EPS (TTM)N/A
Earnings DateApr. 27, 2020 - May 01, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est54.44
  • Ashmore shows interest in deal to run NMC hospitals - sources
    Reuters

    Ashmore shows interest in deal to run NMC hospitals - sources

    Emerging markets-focused investment manager Ashmore Group <ASHM.L> has shown interest in a contract to operate troubled NMC Health's chain of hospitals in the United Arab Emirates (UAE), two sources close to the matter told Reuters. The British company's approach excludes any acquisition of NMC Health, the London-listed holding company that was placed into administration last month after months of turmoil, one of the sources said. Ashmore, whose private-equity arm focuses on healthcare sector, is among a number of potential bidders seeking a deal to run the hospitals, both sources said.

  • Bloomberg

    NMC Administrators Start Dismantling Top Mideast Hospital Owner

    (Bloomberg) -- NMC Health Plc’s administrators have started selling off assets of the troubled Middle Eastern hospital operator as they seek funds to pay back creditors, people with knowledge of the matter said.Officials overseeing the process at restructuring specialist Alvarez & Marsal Inc. have invited bids for NMC’s distribution business, according to the people, who asked not to be identified because the information is private. Potential acquirers have been asked to submit offers this month, the people said.Administrators are planning to start a sale process for Abu Dhabi-based NMC’s lucrative fertility business as soon as June or July, the people said. They are considering eventually selling most of the company’s assets, potentially including the flagship hospital business, which is the biggest private health-care provider in the Middle East, the people said.The moves mark the official beginning of the dismantling of NMC, once a member of London’s elite FTSE 100 index with a market value as high as $11 billion. NMC started unraveling in recent months after unearthing previously undisclosed debt and evidence of fraud, leading to the dismissal of top executives. Its downfall has roped in lenders including Barclays Plc, Standard Chartered Plc and the biggest banks in the United Arab Emirates.Quick ProcessThe administrators are moving fast, asking suitors to size up the distribution business and submit proposals in a matter of days, the people said. No final decisions have been made, and there’s no certainty the discussions will lead to a transaction, they said.A representative for NMC said the company is in the process of exploring “various options” for its distribution business, NMC Trading, “which it has determined to be non-core.”“The management team’s priority is to stabilize the business and ensure continuity of care at its hospitals and medical centers,” the representative said in a statement. “The group’s distribution business is separate from its main hospital and medical centers business in the UAE.”The U.K.’s Financial Reporting Council last week said it opened an investigation into Ernst & Young LLP’s auditing of NMC’s 2018 financial statements. The probe started April 15 and could result in sanctions such as fines.Medical Equipment NMC Trading distributes products including Nestle SA food and beverages, Pfizer Inc. medicine and Unilever Plc personal-care products across the U.A.E. It also markets foreign brands of medical equipment, educational materials, office supplies and veterinary products in the country.The business employs more than 1,700 people and distributes products to more than 10,000 points of sale including hypermarkets, gas stations and hospitals, according to information displayed on its website in March. The site was inaccessible as of Tuesday.(Updates with details in eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Newsfile

    DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Los Angeles, California--(Newsfile Corp. - May 11, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NMC Health Plc (OTC Pink: NMHLY) ("NMC Health" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 13, 2016 and ...

  • DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Newsfile

    DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Los Angeles, California--(Newsfile Corp. - May 10, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NMC Health Plc ("NMC Health" or "the Company") (OTC Pink: NMHLY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 13, 2016 and ...

  • 2-DAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Newsfile

    2-DAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Los Angeles, California--(Newsfile Corp. - May 9, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NMC Health Plc ("NMC Health" or "the Company") (OTC: NMHLY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 13, 2016 and March ...

  • NMC Class Action Reminder: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 in NMC Health Plc to Contact the Firm
    Newsfile

    NMC Class Action Reminder: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 in NMC Health Plc to Contact the Firm

    New York, New York--(Newsfile Corp. - May 8, 2020) -  Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in NMC Health Plc (OTC Pink: NMHLY) ("NMC" or the "Company") of the May 11, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi logoIf you invested in NMC stock or options between March 13, 2016 ...

  • DEADLINE MONDAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Newsfile

    DEADLINE MONDAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Los Angeles, California--(Newsfile Corp. - May 8, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NMC Health Plc (OTC Pink: NMHLY) ("NMC Health" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 13, 2016 and March 10, ...

  • NMC Shareholder Notice: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In NMC Health Plc To Contact The Firm
    Newsfile

    NMC Shareholder Notice: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In NMC Health Plc To Contact The Firm

    New York, New York--(Newsfile Corp. - May 7, 2020) -   Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in NMC Health Plc ("NMC" or the "Company") (OTC Pink: NMHLY) of the May 11, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi logoIf you invested in NMC stock or options between March 13, ...

  • NMC Shareholder Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 in NMC Health Plc to Contact the Firm
    Newsfile

    NMC Shareholder Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 in NMC Health Plc to Contact the Firm

    New York, New York--(Newsfile Corp. - May 6, 2020) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in NMC Health Plc  (OTC Pink: NMHLY) ("NMC" or the "Company") of the May 11, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi logoIf you invested in NMC stock or options between March 13, 2016 and ...

  • NMC INVESTOR FILING DEADLINE: Bernstein Liebhard Reminds Investors That Only 5 Days Remain to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against NMC Health PLC
    Business Wire

    NMC INVESTOR FILING DEADLINE: Bernstein Liebhard Reminds Investors That Only 5 Days Remain to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against NMC Health PLC

    Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of a deadline to file a lead plaintiff motion in a securities class action has been filed on behalf of investors that purchased or acquired the securities of NMC Health PLC ("NMC Health" or the "Company") ( OTC BB: NMHLY) between March 13, 2016 and March 10, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934.

  • NMC Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In NMC Health Plc To Contact The Firm
    Newsfile

    NMC Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In NMC Health Plc To Contact The Firm

    New York, New York--(Newsfile Corp. - May 5, 2020) -  Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in NMC Health Plc ("NMC" or the "Company") (OTC Pink: NMHLY) of the May 11, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi logoIf you invested in NMC stock or options between March 13, 2016 ...

  • MONDAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Newsfile

    MONDAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Los Angeles, California--(Newsfile Corp. - May 5, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NMC Health Plc (OTC Pink: NMHLY) ("NMC Health" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 13, 2016 and March ...

  • 7-DAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Newsfile

    7-DAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Los Angeles, California--(Newsfile Corp. - May 4, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NMC Health Plc (OTC Pink: NMHLY) ("NMC Health" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 13, 2016 and March ...

  • Reuters

    UK watchdog investigates EY audit of NMC Health

    Britain's accounting regulator said it has opened an investigation into EY's audit of NMC Health, the troubled hospital operator that was placed into administration in April. Shares in NMC were suspended on the London Stock Exchange after the company revised its debt position to $6.6 billion, well above earlier estimates. "On 15 April 2020 the Financial Reporting Council opened an investigation into the audit by Ernst and Young LLP of the financial statements of NMC Health for the year ended 31 December 2018," the FRC said in a statement on Monday.

  • Business Wire

    NMHLY LOSS NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Investors of NMC Health Plc to Contact the Firm Prior to the Important Deadline in Suit Seeking Recovery of Investor Losses First Filed by the Firm – NMHLY

    Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of NMC Health Plc (OTC: NMHLY) between March 13, 2016 and March 10, 2020, inclusive (the "Class Period"), of the important May 11, 2020 lead plaintiff deadline in the securities class action first filed by the firm. The lawsuit seeks to recover damages for NMC investors under the federal securities laws.

  • UPCOMING DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Newsfile

    UPCOMING DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NMC Health Plc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Los Angeles, California--(Newsfile Corp. - April 29, 2020) -  The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NMC Health Plc (OTC Pink: NMHLY) ("NMC Health" or "the Company")for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 13, 2016 and ...

  • UAE banks face write-downs of between 25%-50% on NMC debt, sources say
    Reuters

    UAE banks face write-downs of between 25%-50% on NMC debt, sources say

    Banks in the United Arab Emirates (UAE) with exposure to troubled hospital operator NMC Health <NMC.L> risk having to make provisions for between 25% to 50% on more than $2 billion of outstanding debt to the company, three banking sources said. NMC, the largest private healthcare provider in the UAE, was placed into administration earlier in April after months of turmoil which followed questions about its financial reporting from short-seller Muddy Waters. NMC's shares were suspended two months ago and on Monday the company requested the delisting of its shares from the London Stock Exchange.

  • Reuters

    NMC Health requests delisting from LSE

    Troubled hospital operator NMC Health <NMC.L> said on Monday it requested its shares be delisted from the London Stock Exchange after they were suspended two months ago. Shares in the UAE-based company were suspended two months ago and it was placed into administration this month following an application form one of the company's biggest lenders, Abu Dhabi Commercial Bank <ADCB.AD>. "We are working at pace to ensure continuity of patient care, stability for staff and suppliers and financial security for NMC's operating companies," Richard Fleming, joint administrator of NMC Health and managing director of Alvarez & Marsal, said in a statement on NMC's behalf.

  • Reuters

    ADCB files criminal complaint against individuals over NMC Health

    Abu Dhabi Commercial Bank <ADCB.AD> said on Wednesday it had begun criminal proceedings in Abu Dhabi against an unspecified number of individuals in relation to hospital operator NMC Health <NMC.L>, which was placed in administration last week. "ADCB confirms that it has initiated criminal legal proceedings with the Attorney General in Abu Dhabi against a number of individuals in relation to NMC Health Group," the bank said in a statement, which did not name the individuals. It said that the legal action was consistent with the objective of protecting its interests after administrators for NMC Health said on Tuesday they had replaced its board and asked ADCB to lead a steering group to discuss cutting its debts.

  • Shareholder Alert: Robbins LLP Announces It Is Investigating NMC Health Plc (NMHLY) Sued for Misleading Shareholders
    Business Wire

    Shareholder Alert: Robbins LLP Announces It Is Investigating NMC Health Plc (NMHLY) Sued for Misleading Shareholders

    Shareholder rights law firm Robbins LLP announces that it is investigating NMC Health Plc (OTC: NMHLY) for alleged violations of the Securities Exchange Act of 1934 and whether the Company's officers and directors breached their fiduciary duties to shareholders. NMC provides healthcare services in the United Arab Emirates, the United Kingdom, Spain, and internationally.

  • Reuters

    NMC executive chairman requests banks to keep credit lines open

    The executive chairman of troubled hospital operator NMC Health <NMC.L> said on Wednesday banks and creditors should continue to keep credit lines open for the company even if it goes into administration. Faisal Belhoul said in a statement banks should ensure the company has "the necessary liquidity to maintain healthcare operations and must continue to support the salaries of thousands of healthcare workers at this time." NMC Health, UAE's biggest private hospital group, said earlier on Wednesday it expects to be placed into administration in due course, following weeks of uncertainty relating to its debt levels and undisclosed shareholder dealings.

  • NMC Health expects to be placed into administration as talks with lenders fail
    Reuters

    NMC Health expects to be placed into administration as talks with lenders fail

    Healthcare company NMC Health <NMC.L> said on Wednesday it expects to be placed into administration in due course, following weeks of uncertainty relating to its debt levels and undisclosed shareholder dealings. NMC said in a statement it was unable to reach agreement with its creditors despite strenuous efforts to address their concerns. Abu Dhabi Commercial Bank <ADCB.AD>, one of the major lenders to NMC Health, filed an application earlier this month in a UK court to put the company into administration.

  • UAE's top banks reveal exposure to troubled hospital group NMC Health
    Reuters

    UAE's top banks reveal exposure to troubled hospital group NMC Health

    UAE's top banks including Emirates NBD <ENBD.DU> and Dubai Islamic Bank <DISB.DU> on Sunday disclosed hundreds of millions of dollars of exposure to hospital group NMC Health <NMC.L>, which a lender has asked a British court to put into administration. NMC - which recently revised its debt position to $6.6 billion, well above earlier estimates - has seen its stock more than halve in value since December after short-seller Muddy Waters questioned its financial statements. Dubai Islamic Bank said on Sunday it has a $425 million exposure to NMC Heath, while its subsidiary Noor Bank has a further $116 million.

  • NMC Health's new executive chair vows to recover misused funds
    Reuters

    NMC Health's new executive chair vows to recover misused funds

    The new executive chairman of hospital operator NMC Health <NMC.L> vowed on Saturday to work with authorities in Britain and the United Arab Emirates (UAE) to recover misused funds and called on the company's creditors for a debt standstill. Faisal Belhoul said in a statement that keeping NMC Health operating was a "national priority", particularly as the country and the world battle the coronavirus pandemic. Belhoul said putting the hospital operator into administration would "cause instability to the operating businesses of the NMC Group, creating additional pressure on the group’s liquidity and reducing value for all creditors."

  • Reuters

    Abu Dhabi Commercial Bank in talks with NMC Health over $981 million debt exposure

    Abu Dhabi Commercial Bank (ADCB) <ADCB.AD> is in talks with troubled UAE hospital operator NMC Health <NMC.L> to tackle the company's financial defaults, the bank said on Thursday. ADCB has an exposure of about $981 million (792.02 million pounds) to NMC, which represents less than 1% of the bank's total assets, it said. "The bank has initiated discussions with the NMC Health Group and other substantial creditors to implement appropriate solutions to address the company's financial defaults, governance and other issues," it said in a bourse filing.