#Alvarez & Marsal

NMC Healthcare completes application to ADGM for appointment of administrators

Alvarez & Marsal managing directors Richard Fleming and Ben Cairns have been appointed joint administrators

Abu Dhabi’s ADGM appoints administrators for NMC Health

The legal guardianship will protect the group from creditors’ actions

NMC Health faces advisory fees of $140m for bankruptcy

NMC had a peak market value of $10bn on the London Stock Exchange before the uncovering of billions of dollars of undisclosed debt pushed it into administration