The claim described an earlier position that has since changed.
A May 2025 report said NMC Health's administrators were suing EY for around GBP 2 billion in a trial at the High Court in London.
- About
- NMC Health plc
- Claim made by
- International Accounting Bulletin, press report
- Published
- 22 May 2025
- Evidence score
- 76 How it was scored
- Last reviewed
- 25 October 2026
Why this label
The International Accounting Bulletin reported in May 2025 that the administrators sought around GBP 2 billion plus interest in a trial that began on 19 May 2025S4. EY denied negligence and said it was a victim of fraudS4. Bloomberg reported on 16 May 2026 that NMC's administration report showed a settlement of GBP 105.5 million, on confidential terms without admission of liability by EYS6. A July 2026 law firm analysis says the settlement came before any judgmentS5. The pending status has changed, so the label is Outdated. No court ruled on whether EY was negligent.
Current procedural position
Settled for GBP 105.5 million on confidential terms without admission of liability, reported 16 May 2026, before any judgmentS6S5.
Record supporting the assessment
settled the case on confidential terms without admission of liability by EY
The administrators walked for £105.5m of their claim, initially valued at over £2bn.
Conflicting or limiting record
seeking damages of around £2bn plus interest
Evidence score: 76 of 100
The score grades how well the record establishes this assessment. It is not a score of NMC Health plc. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 18 | 30 | A named Bloomberg report citing the administration filing, backed by a law firm analysis, not the court order. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 18 | 20 | Both state the settlement figure and the absence of a judgment. |
| CorroborationDo independent records support the same material point? | 11 | 15 | Two independent accounts agree on the amount. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 12 | 15 | A settlement ends the claim but leaves no finding. |
| CurrencyHas the record been checked against later developments? | 9 | 10 | Checked to October 2026. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 8 | 10 | The analysis is public and the Bloomberg report is on a news site. |
| Total | 76 | 100 |
Timeline
Related cases
- NMC Health plc (in administration) v. Ernst and YoungHigh Court of England and Wales. Civil. Not published.Stage: Settled before judgment
- Settlement of GBP 105.5 million without admission of liability reportedS6.
Responses
- EY, 22 May 2025: EY denied the allegations of negligence and argued it was a victim of fraud by senior NMC personnel.S4
Revision history
- Assessment first published with label Outdated.
Have a record that changes this assessment? See corrections and responses.
Sources
- S6Tier C EY Pays Over £100 Million to Settle NMC Health Legal ClaimBloomberg News (James Booth, via Bloomberg Government). Press report. 16 May 2026.Reports the GBP 105.5 million settlement shown in NMC's administration report and that EY made no admission of liability. It is not the filing itself.Link working, checked 25 October 2026
- S5Tier D NMC Health v EY - learnings from the blockbuster judgment that wasn'tDAC Beachcroft. Academic paper. 13 July 2026.Law firm analysis stating the GBP 105.5 million settlement before judgment. It does not report any admission by EY.Link working, checked 25 October 2026
- S4Tier C EY faces $2.7bn lawsuit over alleged audit failuresInternational Accounting Bulletin (author Vishnu Priya N). Press report. 22 May 2025.Reports the claim size, the trial start and EY's denial. It replaces an undated AGBI page. It reports a pending claim only.Link working, checked 25 October 2026
Other claims about NMC Health plc
- Supported88Muddy Waters alleged in December 2019 that NMC Health was understating its debt.Press report, 2 January 20203 records citedAccounting
- Contradicted86NMC Health said in December 2019 that the Muddy Waters report was false and misleading.Press report, 20 December 20193 records citedDisclosure
- Unverifiable35Muddy Waters questioned NMC's reported investment in a hospital, saying the cost of US$7,700 per square metre was well above expected levels.Press report, 2 January 20202 records citedAccounting