![]() ![]() The four Centres of Excellence at Avitis are an assurance to clinical and research. A comprehensive range of treatment options and quality differentiation of services and technology provide better health care for tomorrow. The court’s judgement cited a witness statement from NMC CEO Michael Davis, who is currently the chief executive, that the alleged fraud was carried out by the former executives. Avitis Centre of Excellence means a focused clinical care with improved protocols, programs and service for every patient. ![]() London-based Financial Times reported that a high court ordered asset freeze against the six former senior executives to prevent the risk of dissipation of assets in light of the bank’s compensation claim for losses due to financial discrepancies. NMC has undisclosed a debt of $4 billion. In addition, a number of other local and foreign lenders have also exposure to the troubled healthcare firm. ADCB has over Dh3.7 billion ($1 billion) exposure to NMC. NMC Health plc promotes Prasanth Manghat to CEO Promotion made following recommendation of NMC founder Dr. Abu Dhabi Commercial Bank has the highest exposure to NMC Health and leads the negotiations and legal cases against the former management team of the company. The Abu Dhabi-headquartered healthcare firm collapsed and went into administration last year after financial irregularities were discovered. ![]()
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