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Billionaire Entrepreneur Seeking Saudi Health-Care Acquisitions

  • India-born Shetty seeking hospitals Saudis plan to privatize
  • London-listed NMC to bid for Saudi airline’s health-care unit
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Inside NMC Healthcare's Expansion Plans With Founder

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NMC Health Plc, the biggest privately owned health-care company in the United Arab Emirates, is looking to buy hospitals and other medical facilities in Saudi Arabia where the government has announced privatization plans as part of efforts to reform the country’s economy.

NMC Health, which has a market capital of almost $6 billion, is especially interested in the bidding process for the health-care unit of the Saudi Arabian Airlines, known as Saudia, Bavaguthu Raghuram Shetty, the billionaire founder and non-executive chairman of the London-listed company, said in an interview with Bloomberg TV at his office in Abu Dhabi.