May 17, 2020

NMC has seen a significant profit rise, and is looking towards further acquisitions

healthcare services
Middle East
healthcare services
Catherine Sturman
2 min
profit surge (Getty Images)
Private healthcare company NMC Healthcare has gone from strength to strength. From revenues exceeding $640mn in 2014, its 2017 profit rose by close to 4...

Private healthcare company NMC Healthcare has gone from strength to strength. From revenues exceeding $640mn in 2014, its 2017 profit rose by close to 40% from 2016’s figures.

The private healthcare across the Middle East has grown exponentially, alongside the rise in medical tourism. Chronic lifestyle diseases and the demand for services within diabetes care, for example, remain high.

NMC has become equipped in taking advantage of such trends in the industry by building on its existing capabilities, whilst developing new specialist areas to remain a leader in the market.

Managing over 130 healthcare facilities, encompassing hospitals, medical centres, long-term care facilities, and more, NMC continues to attract patients from across the world due to its strong reputation, and has been behind a number of acquisitions since last year.

In 2017, the company acquired Al Zahra Hospital in Sharjah for $322mn, signalling its desire to expand into future markets of untapped potential, such as Saudi Arabia and Dubai. It also acquired Saudi medical centres company Al Salam and UAE-based cosmetics surgery company CosmeSurge for over $200mn.

See also

“Our growth in revenue and improved profitability are attributed to both an improvement in performance of our existing hospitals and medical facilities and the acquisitions made within the Middle East, Europe and South America over the last two years,” the company has said.

NMC became the first company in Abu Dhabi to list on the London Stock Exchange and became part of the FTSE 100 Index in September 2017. It also houses the largest number of JCI accredited hospitals in the UAE.

With such strong brand recognition, NMC has also become the firm provider of choice in the Middle East, and will continue in its acquisition spree in 2018. Last year, the company spent up to $641mn on acquisitions, The Telegraph reported.

“Sustained ramp-up of utilisation at facilities we opened in recent years, integration of acquired assets and continued discipline in organic and inorganic expansions should all translate into a very promising 2018 and beyond,” commented Prasanth Manghat, Chief Executive Officer of NMC

“We see 2017 as setting the stage for many more years of growth for the company and we begin 2018 with confidence.”

Share article

Jun 17, 2021

Check Point: Securing the future of enterprise IT

HOOPP
Checkpoint
3 min
Erez Yarkoni, Global VP, explains how a three-way partnership between Check Point, HOOPP, and Microsoft is yielding optimum cloud security

Cybersecurity solutions provider Check Point was founded in 1993 with a mission to secure ‘everything,’ and that includes the cloud. Conscious that nothing remains static in the digital world, the company prides itself on an ability to integrate new technology with its solutions. Across almost three decades in operation, Check Point, with its team of over 3,500 experts, has become adept at protecting networks, endpoints, mobile, IoT, and cloud.

“The pandemic has been somewhat of an accelerator in the evolution of cyber risk,” explains Erez Yarkoni, Global VP for Cloud Business. “We had remote workers and cloud adoption a long time beforehand, but now the volume and surface area is far greater.” Formerly a CIO for several big-name telcos before joining Check Point in 2019, Yarkoni considers the cloud to be “part of [his] heritage” and one of modern IT’s most valuable tools.

Check Point has three important ‘product families’, Quantum, CloudGuard, and Harmony, with each one providing another layer of holistic IT protection:

  • Quantum: secures enterprise networks from sophisticated cyber attacks
  • CloudGuard: acts as a scalable and unified cloud-native security platform for the protection of any cloud
  • Harmony: protects remote users and devices from cyber threats that might compromise organisational data

 

However, more than just providing security, Yarkoni emphasises the need for software to be proactive and minimise the possibility of threats in the first instance. This is something Check Point assuredly delivers, “the industry recognises that preventing, not just detecting, is crucial. Check Point has one platform that gives customers the end-to-end cover they need; they don't have to go anywhere else. That level of threat prevention capability is core to our DNA and across all three product lines.”

In many ways, Check Point’s solutions’ capabilities have actually converged to meet the exact working requirements of contemporary enterprise IT. As more companies embark on their own digital transformation journeys in the wake of COVID-19, the inevitability of unforeseen threats increases, which also makes forming security-based partnerships essential. Healthcare of Ontario Pension Plan (HOOPP) sought out Check Point for this very reason when it was in the process of selecting Microsoft Azure as its cloud provider. “Let's be clear: Azure is a secure cloud, but when you operate in a cloud you need several layers of security and governance to prevent mistakes from becoming risks,” Yarkoni clarifies. 

The partnership is a distinctly three-way split, with each bringing its own core expertise and competencies. More than that, Check Point, HOOPP and Microsoft are all invested in deepening their understanding of each other at an engineering and developmental level. “Both of our organisations (Check Point and Microsoft) are customer-obsessed: we look at the problem from the eyes of the customer and ask, ‘Are we creating value?’” That kind of focus is proving to be invaluable in the digital era, when the challenges and threats of tomorrow remain unpredictable. In this climate, only the best protected will survive and Check Point is standing by, ready to help. 

“HOOPP is an amazing organisation,” concludes Yarkoni. “For us to be successful with a customer and be selected as a partner is actually a badge of honor. It says, ‘We passed a very intense and in-depth inspection by very smart people,’ and for me that’s the best thing about working with organisations like HOOPP.”

 

Share article