Britain’s sickest corporate patient has taken another turn for the worse. In a series of quick-fire announcements after the markets closed, NMC Health sacked its boss, suspended a member of its treasury team and granted “extended leave” to its finance chief after uncovering a series of financial discrepancies.
The FTSE 100 Middle East hospital operator entered the sick bay in December after its value halved in one day following a short-selling attack by Wall Street raider Muddy Waters.
Short sellers would appear to have some value then. Flushing out – to the profit of the short sellers – the admission that there’s dodginess going on.
Even if you’re not prepared to admit that a 2 months heads up on it is useful, no?