Updates

NMC Health - Shares hit intra-day high of £43

October 2018

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.

The shares cruised to an intra-day high of £43 after NMC posted strong interim results alongside yet another deal.NMC has agreed to buy Aspen Healthcare, which has a network of nine facilities across the UK including four hospitals, from Tenet Healthcare for £10m. Aspen made EBITDA of £5m in FY’17 so it is attractive at just 2x EV / EBITDA. 50% of its revenues come from oncology and orthopaedics while NMC sees its UK footprint as ideal for rolling out its IVF services. NMC has also expanded its IVF business into Sweden, Latvia and Kenya and its footprint is now spread across 17 countries.Meanwhile, its results showed another period of remarkable growth. Revenues, EBITDA and net profit all rose 20%, 32% and 19% respectively to ...

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