Founded in 1974 by BR Shetty as the New Medical Centre in Abu Dhabi, NMC Healthcare grew to become one of the largest private healthcare networks in the UAE and the third largest in Oman. The company operates two business segments: healthcare distribution and services, offering diagnostics, outpatient clinics, gynecology, obstetrics, human reproduction and pharmacy retail.
As of March 2022, NMC employs over 12,000 people and serves over 5.5 million patient interactions annually through 11 hospitals and 54 community clinics and speciality care centres. The company had annual revenue of $2.4 billion in 2026. NMC listed on the London Stock Exchange in April 2012, achieving FTSE 100 status with a peak valuation of £8.6 billion in 2018.
On 8 April 2020, NMC was placed into administration due to insolvency caused by alleged frauds by founder and chairman B.R. Shetty. In March 2022, the group's core operations completed a restructuring process in Abu Dhabi Global Market Courts to exit administration in the UAE.
Recent Leadership
The board of directors appointed David Hadley as group CEO to assume day-to-day leadership in early 2023. Hadley previously served as CEO of Mediclinic Middle East for 13 years and has 30 years of healthcare experience in South Africa and the UAE.
Facts compiled by Executive Moves from publicly available news and press releases on 26 May 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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