UAE New Medical Centre raises $1b

30 Jan 2011

(MENAFN) Chief executive of New Medical Centre (NMC), Dr BR Shetty, said that the company was able to secure over a billion dollars through selling a forty percent stake, which would be used for funding expansion plans, reported The National.

The Abu Dhabi-based healthcare company said that expansion plans include the construction of a hospital in Abu Dhabi which would be able to accommodate 250 patients, as well as a hospital in Dubai to accommodate a hundred patients and another hospital in Al Ain with the capacity of a hundred patients.

The CEO added that the company plans the acquisition of a hospital in each of Egypt, Libya and Qatar as well as India.

In addition to hospitals, the CEO said that NMC would establish a college of medicine in Abu Dhabi to serve as regional hub for medical training as well as to elevate medical skills in the region.

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