Medica Group PLC Non-executive Director Change (0282L)

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RNS Number : 0282L

Medica Group PLC

20 December 2018

20 December 2018

Medica Group Plc

Non-executive Director Change

Medica Group Plc (LSE:MGP, "Medica" or the "Company"), the UK market leader in the provision of teleradiology services, today announces that Anand Jain has notified the Board of his intention to stand down as a Non-Executive Director with effect from 31 December 2018. Anand joined the Medica Group Board in May 2013 and has supported the business in formulating and executing its strategy, including the Company's transition to a publicly listed company, as well as being a member of the Company's Nomination committee. He is a partner in CBPE Capital and a member of its investment committee.

Roy Davis, Chairman, commented:

"On behalf of the Board and the Company, I would like to thank Anand for his valuable contribution to the corporate stewardship and growth of Medica Group while under CBPE's private ownership and in supporting the transition of the business to becoming a public company with an exciting future ahead of it. We wish him the very best for the future."

Anand Jain added:

"I have enjoyed working with the Medica team over the past five years and am proud to have been a part of such a high growth company. I believe it is the right time for me to step away from my duties as a Non-Executive Director. Medica is the clear UK market leader in an attractive and high growth market and I wish the Company every success in what should be a very bright future."

Enquiries:

 
 Medica Group:                           [phone] 
 Roy Davis, Chairman 
  John Graham, Chief Executive Officer 
 
 Investec Bank plc                       [phone] 
 Sara Hale 
  Daniel Adams 
 
 FTI Consulting                          [phone] 
 Brett Pollard 
 Ben Atwell 
 Victoria Foster Mitchell 
 Robert Winder 
 

About Medica

Medica is the UK market leader by revenue in the provision of teleradiology services, providing outsourced interpretation and reporting on MRI (magnetic resonance imaging), CT (computerised tomography) and plain film (x-ray) images. The Company currently offers three primary services to hospital radiology departments: NightHawk, an out-of-hours service, routine cross-sectional (Routine CS) reporting on MRI and CT scans, and routine plain film (Routine PF) reporting on x-ray images.

Medica has developed a bespoke secure IT platform that provides market-leading linkage between a hospital's Radiology Information System (RIS) and Consultant Radiologists who contract with Medica. Direct RIS access ensures that the full wider patient information is available and reviewed with every report.

The Company contracts with the largest pool of consultant radiologists outside of the NHS and has been trusted to provide more than 1.5 million examinations annually across its customer base of more than 100 NHS Trusts and various private hospital groups and diagnostic imaging companies. For more information please visit www.medicagroup.co.uk

About teleradiology

Teleradiology is the electronic transmission of radiological patient images, including plain film (x-rays), CT scans and MRI scans, from one location to another for the purposes of diagnostic interpretation and reporting.

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December 20, 2018 02:00 ET (07:00 GMT)