NMC Health reveals KKR, GK approaches as founder Shetty steps back
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(Reuters) - NMC Health Plc disclosed preliminary buyout approaches from private equity firms KKR & Co Inc and GK Investment on Monday, lifting its shares, which have dropped dramatically since Muddy Waters last year queried its financial statements.The largest private healthcare company in the United Arab Emirates said separately that its co-chair and founder BR Shetty had stepped back from its board after he informed NMC of potentially inaccurate reporting of his holdings.Commenting on the..