NMC Health tumbles up to 27% after Carson Block's Muddy Waters says it's short
NMC Health, a United Arab Emirates healthcare company listed in London, crashed as much as 27% on Tuesday.The company which is the largest healthcare business the UAE, lost more than £1.2 billion from its market cap in the space of an hour.
Muddy Waters said that it had"serious doubts about the company's financial statements, including its asset values, cash balance, reported profits, and reported debt levels."View Business Insider's homepage for more stories. NMC Health, a United Arab Emirates-based healthcare company listed in London, crashed as much as 27% on Tuesday morning after Carson Block's Muddy Waters Capital said it was shorting the stock.
The company, the largest healthcare business the UAE, lost more than £1.2 billion from its market cap in the space of an hour. The stock was trading at about 1,960 pence, or 25% lower, at 11:48 a.m. in London In a note, Muddy Waters said that it had"serious doubts about the company's financial statements, including its asset values, cash balance, reported profits, and reported debt levels."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Get 2020 health coverage. Health Insurance MarketplaceIMPORTANT: OpenEnrollment ends TODAY. If you don’t act by December 15, you can’t get coverage unless you qualify for a Special Enrollment Period. Sign up at
Lire la suite »
China’s health grey zone is hazardous for fintechSoaring medical costs in the People's Republic have prompted Jack Ma's $150 bln Ant Financial and others to offer insurance-like solutions. A scandal involving a Tencent-backed upstart, though, is a reminder the sector is largely unregulated. That's unlikely to remain the case.
Lire la suite »
Suicide prevention hotline to have three-digit number for mental health emergencies: 988A three-digit suicide prevention hotline number will soon make seeking emergency mental health help more like calling 911.
Lire la suite »
Kaiser touts mental health gains, but patients still struggle to get timely treatmentAfter state sanctions and fines, Kaiser Permanente says it's gone a long way to improving mental healthcare. Therapists, patients and experts say the gains look good on paper but don't translate to more effective care.
Lire la suite »
Healthy pet, healthy you: 6 ways your health is inextricably linked with your dog’sIt’s the responsibility of pet parents to keep their dogs healthy, but many don’t realize that they do the same for us
Lire la suite »