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NMC reports 12.4% increase in 2013 revenue

: Wednesday, February 26 - 2014 @ 10:04

UAE healthcare operator, NMC Health has posted a 12.4% jump in group revenues last year on the back of growth in patient numbers. According to NMC results for the 12 months to December 31, revenues rose to $551m and EBITDA by 16.7% to $93m, as patients numbers grew by 9.5% to 2.1 million. The firm also said its chief executive, Saeed Mohamed Butti Mohamed Al Qebaisi, has stepped down, and will be replaced by Abdulrahman Basaddiq, a former managing partner of Ernst & Young’s Riyadh and Abu Dhabi offices.

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Wednesday, February 26- 2014 @ 10:04 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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