- Leading trusted provider of teleradiology services in the UK
The Group contracts with the largest pool of Consultant Radiologists outside of the NHS servicing over 100 NHS Acute hospitals. Customers benefit from increased capacity and a breadth of specialisms not always available within these Trusts.
- Strong clinical governance
The Group has established a highly experienced clinical governance function. The quality of its own internal clinical oversight has led to some customers approaching the Group to audit their own internal radiology departments.
- Experienced team
The senior management team has been with the business for over five years and includes the current and a previous president of the British Institute of Radiology.
- Robust technical platform
The Group has invested in its bespoke IT platform to provide a robust and secure connection with its customers that can deliver a simple and quick service with enhanced functionality, ultimately improving patient outcomes, and providing a unique degree of linkage between the Group’s customers and Medica Radiologists.
- Invest in a scalable platform for future growth
The Group’s IT and services platform gives it the scope to continue the growth in its existing service lines but also the ability to service different customer groups and to add new service lines.
- Strong financial performance delivering double digit organic growth
The Group has grown its revenues by a CAGR of 27 per cent. between 2013 and 2015 and EBITDA CAGR of 20 per cent. over the same period. For the nine months ended 30 September 2016, revenues increased by 29 per cent. and EBITDA increased by 37 per cent. compared to the same period in 2015.
- Highly cash generative
The Group is highly cash generative, with operating cash conversion (before capital expenditure) of more than 90 per cent. of EBITDA for the twelve months ended 31 December 2014 and 2015.
- High levels of repeat revenues
Over 85 per cent. of revenue in the financial year ended 31 December 2019 was derived from customers who had been with the Group for more than two years, with strong revenue growth even from customers who have been with the Group for over five years.