Dubai – UAE: NMC Healthcare has announced that will open new greenfield facilities in 2019, particularly in the UAE.
This is part of a continued ramp-up of various facilities in several countries and a full-year consolidation of Aspen Healthcare, a UK health provider acquired in August this year, the UAE healthcare firm added.
In the same vein, NMC Healthcare has upgraded the projected revenue growth of this year to 24% from 22%.
The international private healthcare operator attributed the upgrade to “positive developments in the second half of 2018,” according to state news agency WAM.
NMC said that “2019 guidance will also point towards continuation of strong organic growth on the back of sustained ramp-up at key facilities, integration and expansion of acquired entities as well as strong operational performance.”
It added that revenues are expected to hike by 22-24% and earnings before interest, tax, depreciation and amortisation (EBITDA) are projected to increase by 18-20%.
On Thursday, NMC signed a memorandum of understanding (MoU) with Hassana Investment Company, the investment arm of Saudi Arabia’s General Organization for Social Insurance (GoSI), for healthcare investments worth as much as SAR 6 billion ($1.60 billion).
The partnership, which aims to develop a Saudi network of high-quality hospitals and healthcare facilities with more than more than 3,000 beds, is expected to provide more than 10,000 job opportunities.
