NMC Healthcare posts strong growth figures in 2013

RetailME Bureau

UAE-based integrated private healthcare operator NMC Healthcare delivered a strong performance in 2013 at both the group and divisional levels. Consolidated group revenues increased from $490.1 million in FY2012 to $550.9 million in FY2013, a growth of 12 .4%.

The group net profit reached $69.1 million in FY2013. Revenue in the healthcare division increased from $251.6 million in FY2012 to $289.3 million in FY2013, a growth of 15%. And within the distribution division, revenues increased from $271.1 million in FY2012 to $300.2 million in FY2013, a growth of 10.7%.

“A positive UAE macro environment, clear strategy and dedicated management efforts led to strong progress across both our business divisions last year. In the healthcare division we achieved increased patient numbers, occupancy levels and revenue per patient. Our distribution division continued to deliver excellent results, with positive growth across its increased range of products,” says Dr B.R. Shetty, CEO of NMC Healthcare. “Our expansion strategy in the healthcare division, through the addition of a total of three new hospitals and a medical centre in 2014 and 2015, has been reinforced by the strong population and economic growth seen in the UAE over the past year and the recent adoption of mandatory healthcare insurance in Dubai,” he adds.

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