NMC Health

History

NMC Health was founded by B. R. Shetty in 1974 in Abu Dhabi as the New Medical Centre. In 1981, a new marketing & distribution division, NMC Trading, was launched, which distributed medicines to pharmacies in the UAE. This division would later expand into distribution of fast-moving consumer goods, medical equipments and supplies and educational products.

From 1996, NMC began expanding to other emirates, setting up the NMC Clinic in Sharjah (1996), the NMC Hospital in Deira, Dubai (1999), the NMC Specialty Hospital in Dubai (2004) and NMC Specialty Hospital in Al Ain (2008). In 2009, these hospitals were awarded the JCIA accreditation. In April 2012, NMC listed on the London Stock Exchange. That same year, NMC began managing operations at the Shiekh Khalifa General Hospital in Umm Al Quwain, acquired the BR Medical Suites in Dubai Healthcare City and continued their expansion with the addition of new medical setups, such as NMC Royal Hospital in Khalifa City and operations in Al Ain's industrial area. In 2013, the company added a day-surgery centre in Mohammed Bin Zayed City in Abu Dhabi. In 2014, NMC Health opened the NMC Hospital in Dubai Investments Park, NMC Brightpoint Royal Women's Hospital, and the NMC Medical Centre in Al Ain.

NMC Health acquired the Spain-based Clínica Eugin in 2015, allowing the company to become the leading integrated women's health provider from fertility through obstetrics and pediatrics in the UAE. That same year, the company also acquired three UAE-based medical groups — the Dr. Sunny Healthcare Group (a leading set of medical clinics in Sharjah and the Northern Emirates), Provita, and Americare Group Abu Dhabi (focused on long-term care and rehabilitation) — and acquired a 51% stake in Fakih IVF, another leading fertility clinic in UAE.

In August 2016, the company expanded its operations into Saudi Arabia when it acquired a 70 percent stake in As Salama Hospital in Al Khobar; NMC Health also invested in a project to build a 120-bed care centre in Jeddah that would be managed by its subsidiary, Provita. In December 2016, NMC Health announced the acquisition of Al Zahra Hospital, one of the largest private hospitals in the UAE. In 2017, Emirates Healthcare, owned by Abu Dhabi investment group KBBO, announced the signing of an operating and management contract with NMC Health for the management of their Emirates Healthcare assets.

The company was selected by the Abu Dhabi National Oil Company (ADNOC) to manage operations of Ruwais Hospital in the Al Dhafra region in March 2018.In August 2017, NMC Health bought Aspen Healthcare for £10 million.