Updates

Medica Group

September 2019

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Medica, the leader in providing remote tele radiology services, announced a sparkling update for the six months ended June, which noted unaudited revenues rising 18% to £21.9m due to strong demand for its NightHawk and Cross Sectional services. That’s an acceleration on the 16% growth it delivered in FY’18 and is ahead of Numis’ forecast for just 13% growth for the full year. Encouragingly, lead indicators are good with a net 28 radiologists added taking the total to 390 (31 December ’18: 362).Medica says it expects revenues to be slightly ahead of expectations for the full year, although higher levels of investment mean profits are expected to remain in line.Numis says there aren’t any sig ...

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