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Campaigns / Muddy Waters → NMC Health plc
Muddy Waters vs. NMC Health plc

NMC Health plc · NMC.LN

1 deck published between 2019-12-17 and 2019-12-17 — 34 pages, 34 analysed slides total. Outcome: won.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2019-12-17 initial thesis

    2019 12 MW_NMC_12172019 1

    34pp · research_note

    NMC Health's UAE hospital empire is built on inflated capex, overstated cash, hidden reverse factoring and related-party self-dealing — Muddy Waters is short and sees deep, possibly fraudulent rot.