Home Business NewsBusiness Questions raised over NMC Health

Questions raised over NMC Health

by LLB Editor
12th Feb 20 10:52 am

Earlier this week, FTSE 100 company NMC Health – which runs hospitals and clinics across the Middle East – admitted that it didn’t know exactly how many shares its founder and chairman BR Shetty actually owned.

The firm’s share price has fallen from as high as £40 to just £8 since a well-known short seller (an investor that bets a company’s shares will go down,) issued a resarch report suggesting the company’s accounts were not accurate.

That short seller, Carson Block, told Today that he suspects the company is more indebted than its balance sheet suggests.

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