The troubled hospital operator, which usually pays salaries by the 25th of every month, said in an internal email to employees on Monday that this month's payroll processing will commence only on May 27. "In the coming days, we will begin to release salaries in a phased manner just as we've done successfully in previous months," acting Chief Executive Michael Davis said in the email, adding that he does not foresee any further delay. NMC Health was not immediately available for a comment.
Emerging markets-focused investment manager Ashmore Group <ASHM.L> has shown interest in a contract to operate troubled NMC Health's chain of hospitals in the United Arab Emirates (UAE), two sources close to the matter told Reuters. The British company's approach excludes any acquisition of NMC Health, the London-listed holding company that was placed into administration last month after months of turmoil, one of the sources said. Ashmore, whose private-equity arm focuses on healthcare sector, is among a number of potential bidders seeking a deal to run the hospitals, both sources said.
Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of a deadline to file a lead plaintiff motion in a securities class action has been filed on behalf of investors that purchased or acquired the securities of NMC Health PLC ("NMC Health" or the "Company") ( OTC BB: NMHLY) between March 13, 2016 and March 10, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934.