Updates

NMC Health - Eps rise 23% to 50.6 cents

May 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Fears that low oil prices might depress private healthcare spending in the United Arab Emirates (UAE) have proved well wide of the mark with NMC’s 2015 results slightly ahead of forecasts.NMC owns and operates eight private hospitals and nine medical centres in the UAE and reported revenues, EBITDA and eps up 46%, 47% and 23% respectively to US$881m, US$150m and 50.6 cents. Acquisitions increased net debt from US$11m to US$538m (net debt/ EBITDA: 3.6x), but still leaves another US$287m headroom for more deals.The Healthcare division was boosted by first time contributions from Clinica Eugin, a fertility treatment specialist; Dr Sunny Healthcare (Sharjah-based private medical centres); Americare (in-home physician and nu ...

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