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AGM Statement

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RNS Number : 1815Q  Medica Group PLC  27 June 2022

27 June 2022

 

Medica Group Plc

 

AGM Statement

 

Medica Group PLC (LSE:MGP, "Medica" or the "Company"), the UK and Ireland
market leader in the provision of teleradiology services, is holding its
Annual General Meeting ("AGM") at 11.00am today at the offices of DLA Piper,
160 Aldersgate Street, London EC1A 4HT.

 

No new information will be presented at the meeting. The Company plans to
issue an update on trading for the six months ended 30 June 2022 on 26 July
2022.

 

 

For further information, please contact:

 

 Medica Group Plc:                        +44 (0)33 33 111 222

 Stuart Quin, Chief Executive Officer

 Richard Jones, Chief Financial Officer

 FTI Consulting                           +44 (0)20 3727 1000

 Victoria Foster Mitchell

 Sam Purewal

 Liberum (Joint Broker)                   +44 (0)20 3100 2000

 Phil Walker

 Richard Lindley

 Numis (Joint Broker)                     +44 (0)20 7260 1000

 Freddie Barnfield

 Duncan Monteith

 Euan Brown

 

About Medica Group PLC

 

Medica is the market leader in the UK and Ireland for the provision of
teleradiology services, providing outsourced interpretation and reporting of
MRI (magnetic resonance imaging), CT (computerised tomography), ultrasound and
plain film (x-ray) images. Medica also offers diabetic retinopathy screening
in Ireland.

 

Medica contracts with the largest pool of consultant radiologists in the UK
and Ireland, performing remote access teleradiology across its customer base
of more than 100 NHS Trusts in the UK, the Irish HSE, private hospital and
insurance groups, as well as diagnostic imaging companies. This enables the
Company to offer a fast, responsive service. In addition, Medica operates in
Australia and New Zealand through MedX, a 50:50 Joint Venture with Integral
Diagnostics Limited Pty.

 

The Company currently offers two primary services to hospital radiology
departments:

 

·      NightHawk - urgent reporting service

·      Elective - includes routine cross-sectional reporting on MRI and
CT scans, and routine plain film reporting on x-ray images.

 

These services are underpinned by Medica's bespoke, secure IT platform that
provides market-leading linkage between a hospital's Radiology Information
System (RIS) and consultant radiologists who contract with the Company. Direct
RIS access ensures that where the wider patient medical history is available,
it can be reviewed by the consultant as part of every report.

 

Through its subsidiary, RadMD, in the United States, Medica also provides
pharmaceutical and biotech clients and contract research organisations (CROs)
with high quality, complex imaging services for international clinical trials.
RadMD has gained vast experience in the space, having contributed to over 500
international clinical trials, in all phases of clinical research from proof
of concept to phase III and with expertise in oncology, as well as a wider
range of therapeutic areas including medical devices, neurology and
cardiovascular.

For more information please visit: www.medicagroupplc.com
(http://www.medicagroupplc.com/)

 

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