United Arab Emirates – NMC Healthcare, the leading integrated private healthcare provider in the United Arab Emirates, is pleased to announce the appointment of Rothschild & Co. as the first of two Joint Financial Advisors. This appointment marks the beginning of a thorough review of strategic alternatives for its shareholders, including a potential initial public offering, a sale of the business, and other strategic options.

The Company plans to appoint a second Financial Advisor shortly to support this strategic review.
This initiative follows a series of significant milestones since the successful restructuring of NMC in March 2022.

Key achievements include:
The successful restructuring of NMC and the subsequent exit from administration of NMC’s 34 core operating companies, in a process overseen by the Abu Dhabi Global Market (“ADGM”) courts and in accordance with ADGM’s insolvency regulations.

The appointment of a new Board of Directors and the formation of new Executive and Group leadership teams, led by CEO David Hadley, a recognized regional healthcare leader.

The engagement of PricewaterhouseCoopers Limited Partnership (registered in the Abu Dhabi Global Market) as NMC’s auditor.

The resolution and conclusion of substantial legacy creditor litigation.

The implementation of group-wide strategic business, growth, and digital transformation plans.

NMC Healthcare, established in 1975, comprises 85 hospitals, specialty clinics, and medical facilities under the brands NMC, ProVita International Medical Centre, CosmeSurge, and Fakih IVF Fertility Centre. The group’s extensive national network uniquely positions it to serve the three most populous Emirates—Abu Dhabi, Dubai, and Sharjah—along with the Northern Emirates of Ras Al Khaimah and Ajman. NMC’s 12,000 employees deliver healthcare services to over 5.5 million patients annually.

David Hadley, CEO of NMC Healthcare, commented: “We are pleased to explore strategic alternatives for the company at an exciting time in the UAE. The market is witnessing rapid population growth and presents an attractive opportunity to provide high-quality medical services across diverse and changing demographics. We are committed to delivering continued value to our stakeholders and the millions of patients we serve every year.”

During the review of strategic alternatives, Rothschild & Co will also handle market inquiries on behalf of NMC Healthcare. Read more at: https://nmc.ae/en/news/NMC-Healthcare-Selects-Financial-Advisors-and-Announces-Review-of-Strategic-Alternatives

About NMC Healthcare:
NMC Healthcare is the UAE’s largest private healthcare provider, offering a comprehensive range of medical services through its network of 85 facilities. Dedicated to improving the health and well-being of the communities it serves, NMC Healthcare continues to set benchmarks for healthcare excellence in the region.