Deals
NMC Administrators Start Dismantling Top Mideast Hospital Owner
- Alvarez & Marsal invites bids for NMC’s distribution arm
- Fertility unit, flagship hospital business could be sold later
The NMC Royal Hospital, operated by NMC Health Plc, in Dubai, United Arab Emirates.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
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.