UAE health firm replaces founder BR Shetty as CEO

BR Shetty will remain as joint non-executive chairman of the company.

UAE-based healthcare provider NMC Health has appointed deputy Chief Executive Prasanth Manghat as CEO, replacing BR Shetty, it said on Wednesday.

London-listed NMC Health, an integrated healthcare provider operating across the United Arab Emirates and some Gulf markets, said founder BR Shetty would be joint non-executive chairman of the company.

The company also reported a 38.6 percent rise in 2016 revenue to $1.22 billion, while net profit attributable to parent rose 61.4 percent to $132.7 million.

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