The largest private healthcare provider in the UAE ran into trouble last year after the disclosure of more than $4 billion in hidden debt.
Healthcare provider NMC has reached a restructuring deal with creditors that will allow lender to take control the UAE firm.
A statement issued by the healthcare group said the agreement will also ensure the exit of company from Abu Dhabi Global Market (ADGM) administration.
NMC, the largest private healthcare provider in the UAE, ran into trouble last year after the disclosure of more than $4 billion in hidden debt left many UAE and overseas lenders with heavy losses.
In September 2022, ADGM Courts had appointed Richard Fleming and Ben Cairns of Alvarez & Marsal as administrators for NMC Healthca…
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