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Contract Wins and Joint Ventures

NMC Health signs new O&M contract

23 August 2017 07:40

NMC Health signed a new O&M contract for the management of Emirates Healthcare assets.

This comprises three brands:

- Emirates Hospitals and Clinics: General medical services across six Emirates in the UAE

- CosmeSurge: Provider of cosmetic medical services in the UAE with 1 clinic in the UK

- Emirates Rehab and Homecare Services: Rehabilitation segment that provides home nursing, rehabilitation, therapeutic care and home-based care. Present in the UAE, Slovakia and Oman

NMC also recently extended the management contract for the 205 bed Sheikh Khalifa General Hospital in Umm Al Quwain (managed on behalf of the UAE Ministry of Presidential Affairs) for a further five years.

The original contract was the first ever awarded by a Government Department to a local UAE business to manage a large Government healthcare facility, demonstrating confidence in NMC's significant healthcare experience and capabilities.

NMC is now managing multiple private and public sector healthcare facilities across varied geographies.

Total annual revenues from the O&M vertical are set to reach $19m. These contracts continue to be associated with good returns and require minimal capital expenditure or working capital on part of the group.

Story provided by StockMarketWire.com

Related Company: NMC

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