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NMC Health discovers further $1.2bn of undisclosed debt

NMC Health has discovered it has a further $1.2bn of undisclosed debt in the latest damaging revelation from the troubled healthcare provider, which earlier this month said it had found evidence of suspected fraud in its finances. The Middle East-focused group said on Tuesday that its net debt had ballooned to $6.6bn after investigations uncovered more than $1bn of facilities that had not been flagged to the board, as well as about $50m of cheques used as guarantees. in December raised questions about the extent of its financial position.
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