Induction Healthcare Group PLC Directorate Change (1494M)

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RNS Number : 1494M

Induction Healthcare Group PLC

19 January 2021

19 January 2021

Induction Healthcare Group PLC

("Induction", the "Company", or the "Group")

Directorate change

Induction, a leading healthcare technology company that helps achieve digital transformation for hospitals, announces that Shelley Fraser has resigned from her position as Chief Financial Officer and from the Board with immediate effect.

She will leave the Company following a short handover period to ensure an orderly transition of responsibilities to Olly Drake, former CFO of Zesty Ltd, who will be Interim Group CFO. Olly previously worked at BDO and was UK Finance Director at Next Fifteen Communications Group PLC. The Company will commence a search for Shelley's successor during the current quarter.

The Company's current trading and outlook remain in line with previous guidance.

Chris Spencer, Induction Non-Executive Chair said:

"On behalf of the Board, I would like to thank Shelley for her contribution during her time with us and we wish her well for the future. We look forward to providing a further update on the Company's progress in 2021."

ENDS

ENQUIRIES

 
 Induction Healthcare                               Via FTI Consulting 
 Dr Hugo Stephenson, Joint Chief Executive 
  Officer 
 James Balmain, Joint Chief Executive Officer 
 
 Numis Securities (Nominated Adviser and 
  Broker)                                           [phone] 
 James Black / Freddie Barnfield / Huw Jeremy 
 
 FTI Consulting                                     [phone] 
 Jamie Ricketts / Elena Kalinskaya / Sam Purewal 
 

About Induction

Induction (INHC.LSE) is a UK-based leading healthcare technology company enabling the digital transformation of secondary care. This is done by rolling up smaller solutions that are loved by doctors, hospital staff and patients and giving those solutions the infrastructure, credibility and interoperability they need to achieve commercial success at scale.

Over 190,000 hospital doctors across multiple territories, including the UK, Ireland, Australia and South Africa - as well as a rapidly growing cohort of over 140,000 patients - choose to use Induction products over traditional methods of managing care.

Induction helps healthcare professionals deliver better care more efficiently via a suite of technology platforms, including Induction Switch, Induction MicroGuide, Induction Zesty and Induction HealthStream.

Induction Zesty is a leading provider of patient portals to NHS Hospitals in the UK, enabling hospital patients to manage their care direct from their smartphone. Induction Zesty removes the friction from everyday health related tasks, like booking and managing appointments, enabling remote patient monitoring, and sharing copies of electronic medical records.

Induction HealthStream is a proprietary data integration platform that reads and writes patient demographic, appointment and clinical record data between a growing number of hospital EHR systems and the Induction platforms.

Induction Switch is the number one healthcare collaboration app in the UK, used by the majority of hospital doctors within the NHS. The app helps to increase productivity and enhance communication by securely sharing phone numbers and bleeps, bookmarks, documents and messages in a clinical setting.

Induction MicroGuide provides medical organisations, including most hospital trusts within the NHS, with the ability to collaboratively create, edit, and publish their own local medical guidelines in a secure and locally administrated environment.

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END

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January 19, 2021 03:00 ET (08:00 GMT)