On January 2, 2020, NMC Health Plc announced that it is in a battle with Muddy Waters Capital LLC, after the latter produced a report questioning the Company’s accounting practices and sending its stock tumbling. The Company stated that its shares plummet more than 50% in mid-December after Muddy Waters announced that it had a bet against the stock, citing ‘serious doubts about the Company’s financial statements, including its asset values, cash balance, reported profits, and reported debt levels.’ The Company also stated that in Muddy Waters report, it has raised concerns about overpayment in the Company’s $107.4 million investment in the redevelopment of NMC Royal Women’s Hospital and purchase of Premier Care Home Medical and Health Care LLC.