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  "documentTitle": "NMC Health plc (NMC.LN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-17 00:00:00",
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      "text": "Inflated asset purchase prices and capital expenditures are hallmarks of significant fraud – particularly in emerging and frontier markets where it is relatively easy to find counterparties willing to assist with the price inflation.",
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      "text": "Market Cap: £5.4 billion",
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      "text": "Inflated asset purchase prices and capital expenditures are hallmarks of significant fraud – particularly in emerging and frontier markets.",
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      "text": "NMC’s $36.4 million purchase of 70% of Premier Care Home Medical and Health Care LLC appears to also be a significant overpayment.",
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      "text": "We are short NMC Health plc. We have serious doubts about the company’s financial statements, including its asset values, cash balance, reported profits, and reported debt levels.",
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      "text": "NMC’s $107.4 million investment in redeveloping NMC Royal Women’s Hospital contains numerous red flags. First, we calculate the cost of the investment at approximately $7,700 / m2.",
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      "text": "Report Date: December 17, 2019; Industry: Healthcare; Company: NMC Health plc; Stock Price: £25.85; Ticker: NMC.LN; Market Cap: £5.4 billion; Float: 48.5%; Average Daily Volume (30-day): £14.5 million",
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