Bavaguthu Raghuram Shetty founded New Medical Center in 1974 in Abu Dhabi. Due to the fast growth of the economy of the UAE, the company expanded quickly. In late 90s, the company expanded into Dubai and other Emirates. Nonetheless, NMC Health Plc maintained its headquarters in Abu Dhabi, UAE. NMC focuses on the healthcare sector, where it owns and manages approximately 200 healthcare facilities. The company has operations in the UAE, Saudi Arabia, and other counties across the Middle East, Africa, South America, and Europe.
NMC cares for over 8.5 million patients annually across all these locations. The company categorizes its operations into two categories. The Healthcare category focuses on patient care and the provision of fertility services. On the other hand, the Distribution & Services category entails offering hospital management services and retailing pharmaceutical goods. NMC Health Plc trades on the London Stock Exchange as NMC, and it is part of the FTSE 100 component.