UAE – Mubasher: NMC Healthcare's administrators have started to sell the health group's assets in the Middle East to raise funds and pay back creditors, sources told Bloomberg.
Alvarez & Marsal Inc, supervising the restructuring process of the health group, requested some bidders to submit their offers this month to buy the assets.
The administrators are planning to start selling off most of the group's assets in Abu Dhabi as soon as June and July
It is noteworthy to mention that in April, a UK court placed NMC into administration to protect the assets of the Middle East's largest healthcare provider after Abu Dhabi Commercial Bank (ADCB), the group's largest creditor, announced its $981 million exposure to the group.
