Investec acted as Joint Broker and Joint Bookrunner for Medica Group Plc
Investec acted as Joint Broker and Joint Bookrunner for Medica Group Plc on its £16m equity raise.
The proceeds of the £16m equity raise will be used to fund the initial cash consideration for the acquisition of RadMD, a US leading Imaging Contract Research Organisation providing services to the fast-growing clinical trials market.
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. In addition, Medica is the market leader for the provision of retinal diagnostic screening in Ireland where it also provides selective managed services in diagnostics to the public and private sectors.
Medica Group is listed on Main Market of the London Stock Exchange with a market capitalisation of £171m.