Scandal-hit NMC Health on verge of liquidation
by Reuters from on (#542FG)
Administrators outline position of UAE's largest healthcare provider which faces multiple investigations
Joint administrators for NMC Health, the holding company of the UAE-based healthcare provider NMC Group, have said the company will probably be dissolved or put into liquidation.
Administrators from the consulting firm Alvarez & Marsal Europe were appointed in April to oversee the hospital operator, after an application from one of its biggest creditors, Abu Dhabi Commercial Bank.
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