Being in administration is `worst-case scenario`, says NMC Health chairman
(WorldNews Business)

Dubai: NMC Health getting placed in administration by a UK court order would be the `worst-case scenario` for the company´s future, according to the hospital operator´s Executive Chairman. `Especially in the current circumstances,` added Faisal Belhoul, who took on the position just over a week ago, after picking up 9 per cent in the beleaguered Abu Dhabi headquartered company. Coming under administration will lead to `value destruction and will have a significant influence on NMC´s business, stakeholders, and on the company´s ability to efficiently provide its services,` Belhoul said. `No one will disagree that putting a company through administration is destructive. It is proven by...