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Investegate announcements from Medica Group PLC, Director/PDMR Shareholding

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Medica PLC's (LON:MGP) Dr. Stuart Quin talks to Proactive London's Katie Pilbeam about their full year results for 2020 and his projections for the...

22 February 2021 | 08:00am StockMarketWire.com - Teleradiology services provider Medica said it had formed an equal joint venture with Integral Diagnostics to provide reporting services and increased capacity in Australia, New Zealand, the UK and Ireland. The venture, dubbed MedX, would provide access to a pool of dual-qualified radiologists who would support both companies' acute, out-of-hours reporting services. The partners would also collaborate in areas of mutual interest, including deployment of augmented intelligence solutions. MedX would be registered in Australia and its board would ...

While Covid has been an unwelcome interruption for international teleradiology specialist Medica Group, the company has still been able 'to take great strides in executing on its strategy and the growth potential of the business remains strong’, says Stuart Quin, chief executive. Pre-lockdown, Medica fleshed out plans to double revenues in five years. It said it would invest £5million-£6million as part of a scale-up, with a push into international markets and new business areas also firmly on the agenda. ‘We set ourselves high targets – on which the impact of Covid remains to be seen,...