NMC's UAE entity weighing Abu Dhabi option for restructuring: sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 10%
  • Publisher: 97%

Troubled hospital operator NMC Health's entity in the United Arab Emirates (UAE), NMC Healthcare LLC, is considering applying for restructuring and insolvency proceedings locally, two sources familiar with the matter said.

United States Headlines News

United States Latest News, United States Headlines

DUBAI (Reuters) - Troubled hospital operator NMC Health’s entity in the United Arab Emirates (UAE), NMC Healthcare LLC, is considering applying for restructuring and insolvency proceedings locally, two sources familiar with the matter said.

Such a move would help create a framework for the recognition of debt claims while the administrators of NMC Health Plc finalise the scheme of arrangement with creditors, one of the sources said. NMC Health is the largest private healthcare provider in the UAE, operating more than 200 facilities including hospitals, clinics and pharmacies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney World Is Still Planning on Reopening This WeekendOnly about half of the dining options will be available. mira estupida brendixgatitos Bunch of dumbos The almighty $$$$.
Source: foodandwine - 🏆 366. / 59 Read more »

Why Classic Gold Bangles Are the Ideal AccessoryWhen flashier jewelry may suddenly feel frivolous, classic gold bangles represent a timeless approach to accessorizing. Here are 24 of our favorites. first YES
Source: voguemagazine - 🏆 715. / 51 Read more »

Your boss wants you back in the office — An employment law expert explains your rightsOPINION: So your boss wants you back in the office in the middle of a pandemic. I'm an employment law expert, and I'm not sure what will happen. You may have to negotiate the least bad of many bad options.
Source: MarketWatch - 🏆 3. / 97 Read more »

The Best Bike Shorts for Women, According to Stylish WomenFor a Princess-Di-running-errands vibe or for trying to stay cool while you try a virtual workout in your living room
Source: NYMag - 🏆 111. / 63 Read more »

The Best Sofas Under $1,000, According to Interior DesignersA good couch should be stylish enough to pull your décor together and comfy enough to bring your household together
Source: TheCut - 🏆 720. / 51 Read more »

Rachel Bilson and Bill Hader Break Up After Less Than a Year of DatingSources say the split was 'amicable.'
Source: Cosmopolitan - 🏆 725. / 51 Read more »