NMC Health
 | |
| Public (LSE: NMC) | |
| Industry | Health |
| Founded | 1975 |
| Headquarters | Abu Dhabi, United Arab Emirates |
Key people |
Mark Tompkins, (Chairman) Dr BR Shetty (CEO) |
| Revenue | $880.9 million (2015)[1] |
| $110.9 million (2015)[1] | |
| Profit | $85.8 million (2015)[1] |
| Website | www.nmc.ae |
NMC Health (Arabic: مستشفى المركز الطبي الجديد) is a healthcare chain and distribution business in the United Arab Emirates (UAE). NMC Health is headquartered in Abu Dhabi, the capital of the UAE, and has branch offices in Dubai, Ajman, Al Ain & Northern Emirates. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
NMC Health was founded by HE Abdulla Humaid Al-Mazroei and B R Shetty in 1975 as the "New Medical Centre" in Abu Dhabi.[2] This was expanded to a full-fledged hospital in 1981, to take advantage of the oil boom in the UAE. In 1981, a new marketing & distribution division, NMC Trading was launched, which distributed medicines to pharmacies in the UAE. This division would later expand into Distribution of Fast-Moving Consumer Goods, Medical Equipments & Supplies and Educational Products.
From 1996, NMC began expanding to other emirates, setting up the NMC Clinic in Sharjah (1996), NMC Hospital, Deira, Dubai (1999), the NMC Specialty Hospital, Dubai (2004) & NMC Specialty Hospital in Al Ain (2008). In 2009, these hospitals were awarded the JCIA accreditation.[3]
In the 2010s, NMC Health has expanded further with an IPO, construction of new hospitals & new acquisitions In 2012 it became listed on the London Stock Exchange.[4] In 2012, NMC acquired the elite BR Medical Suites in Dubai Healthcare City and continued their expansion with the addition of new medical setups at Brightpoint Royal Hospital in Abu Dhabi, Khalifa City Hospital and Al Ain's industrial area.[5]
NMC health has made significant acquisitions, such as the Spanish Clínica Eugin in a move to become the leading integrated women's health provider from fertility through obstetrics and paediatrics in the UAE.[6] They have also acquired UAE based medical groups, Dr.Sunny Healthcare Group (leading set of medical clinics in Sharjah & Northern Emirates), Provita & Americare Group, Abu Dhabi (focused on long-term care & rehabilitation)[7] and acquired a 51% stake in Fakih IVF, another leading fertility clinic in UAE.[8]
Operations
In addition to hospitals and clinics, NMC Health also has businesses in trading, hospitality, pharmaceutical manufacturing, pharmacy chains, financial services, education, jewellery, advertising, real estate and information technology. NMC Health also owns, UAE Exchange (financial services) and Foodlands Restaurant in Dubai and Abu Dhabi. NMC Health sponsors a cricket team which won the Bukhatir League Cricket Tournament, the longest running in the UAE, in 2008[9][10] and previously in 1999.[11]
References
- 1 2 3 "Preliminary Results 2015" (PDF). NMC Healthcare. Retrieved 10 April 2016.
- ↑ Focus on quality medical service for all. Gulfnews.com article on BR Shetty.
- ↑ "New Medical Center UAE | NMC Healthcare Milestones United Arab Emirates". NMC. Retrieved 2016-02-28.
- ↑ UAE-based NMC Health plans London IPO London and South East, 8 March 2012
- ↑ "NMC to expand health division with new hospital in Al Ain". The National. 21 August 2013. Retrieved 10 April 2016.
- ↑ "NMC Health PLC announces the acquisition of leading global fertility centre". London Stock Exchange. Retrieved 5 August 2015.
- ↑ "NMC spends almost $100 million to acquire two new health groups | The National". www.thenational.ae. Retrieved 2016-02-28.
- ↑ "NMC taps UAE fertility market with 51% stake in Fakih IVF Group | The National". www.thenational.ae. Retrieved 2016-02-28.
- ↑ Khaleej Times Online - Ahsan hits fine century as NMC prevail
- ↑ Gulfnews: New Medical Centre win UAE's oldest cricket tournament
- ↑ "New Medical Centre lift UAE Panasonic Gold Cup". Cricinfo. Retrieved 31 March 2015.
