NMC says debt rises to $6.6 billion; names chief restructuring officer
Reuters
Published Mar 24, 2020 10:25
(Reuters) - Troubled UAE hospital operation NMC Health (L:NMC) said on Tuesday it had debt of $6.6 billion (5.6 billion pounds), much higher than earlier estimates, and it appointed a former PwC partner as chief restructuring officer to tackle the problem.
The company, which has been in crisis since U.S. firm Muddy Waters' short attack, revised its debt position from $5 billion earlier in March, and named Matthew J. Wilde as chief restructuring officer. (https://reut.rs/2WLiQQF)
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Written By: Reuters
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