The Lemon Fool

Troubled hospitals provider NMC Health has revealed it has almost $3bn more debt than it previously realised, as it continues to investigate an accounting scandal.

The FTSE 100 firm, which is based in Abu Dhabi and runs private hospitals in the Middle East, said it had discovered more than $2.7bn in debt facilities which the company’s board was not aware of and had not approved. It is in addition to the $2.1bn of debt it reported in June 2019.