UAE based NMC Healthcare will invest up to $800mn in various markets from 2018

By Catherine Sturman
It has been reported that NMC Healthcare are set to invest up to $800mn within various markets, which will see it become a key player within the Middle...

It has been reported that NMC Healthcare are set to invest up to $800mn within various markets, which will see it become a key player within the Middle East healthcare sector.

Located in London, the private healthcare provider aims to invest in a number of large and small businesses and facilities, such as hospitals (its main strength) and medical centres within the UAE and Europe, in order to cement its presence within the transforming industry.

NMC Healthcare presently has two main branches of business, NMC Healthcare and NMC Trading, and manages eight hospitals, two day-care centres, nine medical centres and fifteen pharmacies. Its most recent acquisitions include Clinica Eugin, a fertility clinic in Barcelona, as well as Americare Group and Dr Sunny Healthcare Group in 2015.

Chief executive officer Prasanth Manghat commented: "Having made considerable progress on all the goals we set for ourselves back in 2015, our updated strategy lays out a clear roadmap for continued growth.

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"We successfully enhanced the level of complexities offered at NMC's facilities through both organic and inorganic expansion, established a firm foothold in Saudi Arabia and the broader GCC and continue to establish Centers of Excellence in key specialties within existing hospitals.

"As our business grows, we are looking to add complexities in the form of new verticals, enter exciting new markets and deeply integrate technology to expand the very boundaries of the healthcare sector."

The $800mn investment will therefore see the company further cement its presence both in and outside the UAE, strengthen its current infrastructure through this growth strategy, and invest in new and upcoming technologies and health reforms through a number of exciting projects to improve efficiencies across the board.

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