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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  NMC Health plc    NMC   GB00B7FC0762

NMC HEALTH PLC

(NMC)
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NMC Health : chairman steps down amid 'difficult period'

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03/26/2020 | 12:23pm EDT
FILE PHOTO: General view of NMC specialty hospital in Abu Dhabi, United Arab Emirates

Troubled UAE hospital operator NMC Health said on Thursday Chairman H. J. Mark Tompkins had stepped down following ongoing problems at the company, and named Faisal Belhoul as his replacement.

"The Board has decided that the appointment of an executive chairman based in the UAE is appropriate given the challenging period the company is facing at the current time as it reviews previous financial irregularities; discusses its debt position with its lenders," the company said.

Belhoul is a founder and chairman of Ithmar Capital Partners, which owns a 9% stake in NMC.

The news comes only a couple of days after NMC revised its debt position, which now stands at $6.6 billion (5.4 billion pounds), much higher than it earlier estimated. On Tuesday, NMC named Matthew Wilde, a former PwC partner, as its chief restructuring officer.

Ill health over the past few weeks has prevented Tompkins, NMC's chairman prior to its IPO in 2012, from participating in board activities, the company said.

(Reporting by Samantha Machado in Bengaluru; Editing by Maju Samuel)

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Financials (USD)
Sales 2019 2 491 M
EBIT 2019 457 M
Net income 2019 272 M
Debt 2019 3 896 M
Yield 2019 1,64%
P/E ratio 2019 8,10x
P/E ratio 2020 6,35x
EV / Sales2019 2,58x
EV / Sales2020 2,23x
Capitalization 2 524 M
Chart NMC HEALTH PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 19,60  $
Last Close Price 12,09  $
Spread / Highest target 295%
Spread / Average Target 62,1%
Spread / Lowest Target -70,7%
EPS Revisions
Managers
NameTitle
Michael Brenden Davis Chief Executive Officer & COO-Healthcare
Faisal Jomaa Khalfan Belhoul Executive Chairman
Chandrakumari Raghuram Shetty Group Medical Director
Jonathan Bomford Senior Independent Non-Executive Director
Patrick James Meade Independent Non-Executive Director
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