NMC Health to focus on expansion in GCC, Asia-Pacific markets

NMC Health, a UAE health-care company, is exploring acquisition opportunities in the Arabian Gulf and emerging markets in Asia Pacific as it seeks to expand amid consolidation in the healthcare industry.

NMC Health is interested in possible acquisitions in Qatar and Saudi Arabia, with a potential deal in the kingdom to come within the next three to six months, deputy chief executive Prasanth Manghat said at an interview in Dubai.

The company is also considering tapping the bond market for the first time, if an opportunity for a bigger acquisition arises.

“We are considering bonds,” Manghat said. “It all depends on our pipeline during the year. If there are bigger acquisitions, then we may look at debt raising.”

NMC Health, which is listed in London, will not look at a dual listing at the moment as “it’s too early,” he said. The company expects to see an impact from lower oil prices in three to five years, but is bullish on prospects for healthcare in the Middle East as Dubai rolls out mandatory insurance for expatriates and the opportunity to tackle lifestyle disorders such as diabetes.


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