NMC Healthcare is UAE’s largest private healthcare provider. It has two main branches of business, NMC Healthcare and NMC Trading.
From a one room clinic in Abu Dhabi to a global healthcare enterprise in 40 years – this is the journey called NMC.
Since its inception, NMC has been chalking out distinct growth strategies that reflect the continuing leadership in the market. Having focused on expanding the capacities and building new capabilities, NMC has developed specialised verticals covering multi-specialty care, maternity and fertility, long-term and home care, operations and management and distribution services.
Over the years, NMC has earned the trust of millions, thanks to its personalised care and a sincere commitment to the overall well-being of the community it serves.
With a team of over 2,000 doctors and 18,000 paramedical and support personnel, NMC owns and manages over 135 healthcare facilities that includes hospitals, medical centres, long term care facilities, day surgery centres, fertility centres and home health services providers.
Every year, over 8.5 million patients are treated by NMC doctors across UAE, Saudi Arabia, Kuwait, Oman, UK, Spain, Italy, Denmark, Slovakia, Egypt, Brazil and Colombia.
NMC was the first company from Abu Dhabi to list on the London Stock Exchange and is now part of the FTSE 100 Index, an elite club of top 100 blue-chip companies by market cap.

In todays mail newspaper - Dubai decision lifts NMC Health.

More old codgers are retiring in Dubai and its easy to see why. Cold and wet weather is unlikely to ever bother them again and the heat will help their various ailments, so prevalent in the UK , totally alleviated.
Dubai's small population and numerous medical facilities in the private and public sector also mean that long waiting lists for a hospital bed are almost unheard of in the country.
Savings and pensions are probably better off invested in the Emirates for tax purposes too and, with strict alcohol laws reducing crime in the region to absolute minimum levels, the seven-plus hour flight on Virgin Atlantic out of Gatwick for many is well worth enduring.
Dubai was in the news yesterday after shares of NMC Health, the first Abu Dhabi company to be listed on the LSE in April 2012, soared 39.5p to a record 420p after the Dubai government made health care insurance mandatory for all residents and visitors.

Director Deals - NMC Health PLC (NMC)

Jonathan Bomford, Non Executive Director, bought 10,000 shares in the company on the 28th November 2013 at a price of 413.45p. The Director now holds 10,000 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

In Shares - forecasts for 2014 are looking conservative given the situation in Dubai.
The company will manage six hospitals in the United Arab Emirates next year as well as two day care patient centres, one medical centre and eight pharmacies. It also has a distribution business which supplies pharmaceuticals, food and scientific and medical products. Both brokers who follow NMC are bullish.

Moving up over the last few days.

NMC Health PLC (NMC:LSE) set a new 52-week high during today's trading session when it reached 440.00. Over this period, the share price is up 143.33%.

NMC Health PLC (NMC:LSE) set a new 52-week high during today's trading session when it reached 450.00. Over this period, the share price is up 161.34%.

2013 Full-Year Trading Update

RNS


RNS Number : 8191W

NMC Health Plc

03 January 2014













NMC Health Plc - 2013 Full-Year Trading Update







London, 3 January 2014: NMC Health Plc ("NMC") (LSE:NMC), the leading private sector healthcare provider operating across the United Arab Emirates, today provides a trading update for its 2013 financial year.



Trading Update

NMC expects to report results, in line with expectations, for the twelve months ended 31 December 2013. The net debt position, capital expenditure and operational cash flow are also anticipated to be in line with management expectations.



Projects update

NMC opened the Mussafah Day Patient Centre in July 2013 in close proximity to both the rapidly expanding Mohammad bin Zayed City (MBZC) suburb and the Mussafah industrial area of Abu Dhabi. The new facility is connected to a shopping mall and will cater to the growing local population for both outpatient consultancy services and minor surgical procedures. The facility will act as a referral point to our existing Specialty Hospital in central Abu Dhabi, some 35km away, and in the longer term to our new Khalifa City Hospital, some 10km away. We are pleased with progress and patient flow since opening.



Meanwhile, all our other projects including the Dubai Investment Park General Hospital, Brightpoint Women's Hospital, Al Ain Medical Centre and the Khalifa City Hospital are progressing towards their respective opening dates, as communicated earlier in 2013.







Dr B.R.Shetty, Chief Executive Officer, commented:



"I am pleased with NMC's growth over the past year in both our healthcare and distribution divisions. Management will continue to work towards increased efficiencies and operational gearing in existing operations and a smooth introduction of new assets.



The opening of our Mussafah Day Patient Centre in July 2013, was the first in a string of new near-term additions to our healthcare portfolio in the UAE. In 2014 we will see the opening of two hospitals and a medical centre, followed by the opening of our largest hospital in H1 2015.



Management and the team at NMC have worked very hard since the IPO to deliver this organic expansion program. Our strategy has been reinforced by the strong population and economic growth seen in the UAE over the past year and the recent adoption of mandatory healthcare insurance in Dubai. Consequently, I look forward to a rewarding 2014 for NMC and its shareholders"







Calendar



Full-year financial results for the twelve months ended 31 December 2013 will be issued on 25 February 2014. NMC will host an analyst/investor webcast on that day. Further details will be announced in due course.

NMC Health's growth strategy in UAE rolls on

By Giles Gwinnett

January 03 2014, 8:33am
The FTSE 250 group says this year will see the two hospitals and a medical centre open, while its largest hospital will open its doors in the first half of 2015
The FTSE 250 group says this year will see the two hospitals and a medical centre open, while its largest hospital will open its doors in the first half of 2015


United Arab Emirates (UAE) private health care group NMC Health (LON:NMC) is looking forward to further organic expansion in 2014.

The FTSE 250 group says this year will see the two hospitals and a medical centre open, while its largest hospital will open its doors in the first half of 2015.

In July this year, the firm opened a day patient centre close to both the rapidly expanding Mohammad bin Zayed City (MBZC) suburb and the Mussafah industrial area of Abu Dhabi.

Chief executive Dr B R Shetty said the firm's strategy had been boosted in 2013 by the strong population and economic growth in the UAE.

Final results for the year to end December are expected to be "in line with managment expectations"

Shetty also noted the recent adoption of mandatory healthcare insurance in Dubai.

The firm employs over 4,500 people across the UAE and operates a healthcare and trading business.

Shares dipped 1.94% to stand at 440.20p each.

Full Year Results ending 2013

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25 Feb Numis 560.00 Buy

Dividend Timetable and AGM notice

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RNS Number : 8956A

NMC Health Plc

25 February 2014








NMC Health Plc - Dividend Timetable and AGM








London, 25 February 2014: NMC Health Plc ("NMC" or the "Company") (LSE:NMC), the leading independent healthcare provider operating across the United Arab Emirates, announces details of its dividend timetable and date of its 2014 Annual General Meeting.



Further to the 2013 financial year preliminary results announcement of the Company released this morning, in which the Board announced that it is recommending a final dividend of 4.4 pence per ordinary share, the Company hereby confirms the following dividend timetable:



· Ex-dividend date - 28 May 2014



· Record date - 30 May 2014



· Payment date - 3 July 2014





Payment of the final dividend remains subject to shareholder approval at the Company's 2014 Annual General Meeting of the Company to be held on Thursday 26 June 2014, at 2:00 pm at the offices of Allen & Overy LLP, One Bishops Square, London E1 6AD.

NMC Health: Jefferies increases target price from 430p to 589p and keeps a buy recommendation

NMC Health: Numis raises target price from 560p to 620p reiterating a buy recommendation.

Interim Management Statement


Highlights

· Total Consolidated Group Revenue reached US$ 153.8m, a 10.6% increase compared to Q1, 2013



· Occupancy levels in our hospitals increased to 71.3% in Q1 2014 (+730bps year on year).



· Our projects remain on track and we expect to open the DIP and Brightpoint Hospitals in H1, 2014.



· NMC reached distribution agreements with leading brands, including; Luna and Super-Max.



· Group net debt reached US$ 69.4m, as of Q1 2014 end, which was in line with management expectations





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Ex dividend Wed 28 May 4.4p

2014 Half-Year pre-close statement

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RNS Number : 6486K

NMC Health Plc

26 June 2014













NMC Health Plc

Opening of two new hospitals and 2014 Half-Year pre-close statement





London, 26 June 2014: NMC Health Plc (LSE:NMC / 'NMC'), the leading integrated private sector healthcare operator in the United Arab Emirates, today announces its trading update for the period from 31 December 2013 to 25 June 2014 and that both Brightpoint Womens Hospital and DIP General Hospital are expected to open and to start receiving patients in the first week of July 2014.



Trading Update

NMC expects to report results and a financial position in line with management expectations for the six months ended 30 June 2014.



Opening of Brightpoint and DIP Hospitals

NMC is pleased to announce that it expects to open Brightpoint Womens Hospital in Abu Dhabi (100 bed capacity) and DIP General Hospital in Dubai (60 bed capacity) in the first week of July 2014. All Regulatory licences have been received to start seeing patients in relation to Brightpoint Womens Hospital and DIP General Hospital.



As a result, NMC has achieved two further major milestones having now completed four out of the five additional healthcare facilities which were committed to during its IPO in April 2012 (1: BR Medical Suites, 2: NMC Day Surgery in Mussafah, 3: Brightpoint Womens Hospital and 4: DIP General Hospital).



With the start of operations at these new assets in the first week of July 2014, the bed capacity available to the group will increase by 52%, an increase of 160 beds (a 55% increase in capacity in Dubai and a 50% increase in Abu Dhabi Emirate). This brings total bed capacity to 470 beds across the UAE, of which 64% are in Abu Dhabi and 36% in Dubai.



Both these new healthcare facilities will commence operations with highly experienced teams of medical and administrative staff, which we will continue to expand along with the growth in operations.



Brightpoint, will be the first private sector womens hospital in Abu Dhabi. It occupies a modern building in a strategic city centre location accessible through several key traffic arteries and with ample parking space available for the convenience of patients.



DIP General Hospital will be a needed addition to the rapidly growing residential and commercial areas around Dubai Investment Park, Dubai World Central and the planned Dubai Expo zone. DIP is also a timely expansion for NMC ahead of Dubai's roll-out of mandatory healthcare insurance later this year, where an estimated 66% of the 3m population remains uninsured according to Dubai Health Authority (DHA).



The development of our largest capital project, Khalifa City Hospital, and the Sanaiya Medical Center in Al Ain, are both progressing well and remain on track to open in H1, 2015 and H2, 2014 respectively.



Annual General Meeting

NMC is today holding its Annual General Meeting commencing at 2.00 pm. The result of voting on the resolutions being considered at the Annual General Meeting will be announced following that meeting.





Dr B.R.Shetty, Chief Executive Officer, commented:



"The Management team and the Board are pleased with the group's performance during the first half of 2014 and in particular with the completion of two of our largest and most ambitious expansion projects, the Brightpoint and DIP Hospitals.



I look forward to the imminent opening of these two hospitals and the long-term growth they will bring to our operations by expanding our geographic presence, increasing our service offering and our competitive advantage in the fast growing UAE market."



Interim Results



Interim results for the six months ended 30 June 2014 will be announced on 19 August 2014. NMC will host an analyst/investor webcast on that day.



Further details will be announced in due course.

FTSE 250 movers: NMC Health rises on CEO purchase

Mon, 30 June 2014


NMC Health continued to surge, extending Friday's gains after its Chief Executive Officer and founder, B. R. Shetty, purchased 10m shares from its largest shareholder at a price of 500p per share.

At the end of last week Numis Securities reiterated its 'buy' rating following the group's pre-close trading statement issued the previous day. The group has two new hospitals that were expected to be opened in the first half, although it confirmed this would be marginally late with their opening now scheduled for the first week of July.

A £50 million pound purchase by Chief Executive Officer and founder, B. R. Shetty

HALF-YEARLY FINANCIAL REPORT

H1 2014 Highlights - A strong start to the year



· Group Revenues increased by 15.1% year-on-year (YoY, compared to H1 2013) to reach US$ 314.3m



· Group EBITDA was US$ 52.0m (+12.7% YoY) resulting in a Group EBITDA margin of 16.5%



· Healthcare division patients increased by 13.7% YoY, achieving a good increase in occupancy despite a rise in operational beds to 277 (+16 beds) and delivered a moderate expansion in revenue per patient to US$ 114



· Distribution division's growth was supported by new product introductions and increased sales effort with stock keeping units (SKU's) exceeding 81,000



· Operating cash flow increased by 21.7% YoY to US$ 41.4m



· Net debt increased to US$ 99.6m on project development progress and remained in line with management expectations. Cash and cash equivalents amounted to US$ 227.5m with a total debt balance at US$ 327.1m



· Two major milestones were achieved with the opening of Brightpoint Women's Hospital and NMC Dubai Investment Park General Hospital immediately after the end of H1 2014, in July 2014



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