About Medica
Medica is a company based in Hastings (United Kingdom) founded in 2004 was acquired by IK Partners in April 2023. It operates as a Managed Services. The company has 306 employees as of December 31, 2021. Medica has completed 4 acquisitions, including Global Diagnostics, Moonlight Bidco and RadMD. Medica offers products and services including Teleradiology and Telepathology. Medica operates in a competitive market with competitors including 5C Network, vRad, Telemedicine Clinic, Rology and TeleradTech, among others.
- Headquarter Hastings, United Kingdom
- Employees 306 as on 31 Dec, 2021
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Medica Reporting Ltd. / Medica Group Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$22.16 M (USD), Post-IPO
Mar 23, 2021
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Investors
Investec
& 2 more
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Employee Count
306
as on Dec 31, 2021
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Investments & Acquisitions
Global Diagnostics
& 3 more
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Acquired by
IK Partners
(Apr 24, 2023)
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Products & Services of Medica
Medica offers a comprehensive portfolio of products and services, including Teleradiology and Telepathology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Remote radiology reporting services are provided for diagnostics.
Digital pathology services are offered for diagnostic analysis.
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Leadership Team
2 people
Software Development Team
1 people
Network Team
1 people
Project Team
1 people
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Funding Insights of Medica
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $22.2M
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First Round
First Round
(23 Mar 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Post-IPO - Medica | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Medica
Medica has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Investec, IK Partners and Panmure Liberum. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward small and medium-sized businesses.
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Founded Year | Domain | Location | |
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Global banking, investment, and wealth management services are offered worldwide.
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Founded Year | Domain | Location | |
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Panmure Liberum is recognized as a leading UK investment bank.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Medica
Medica has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Global Diagnostics, Moonlight Bidco and RadMD. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Imaging solutions for clinical trials are developed and analyzed.
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2006 | ||||
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Authorization access for imaging, cardiac, and specialty procedures is provided.
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1999 | ||||
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Radiology services are provided by Global Diagnostics in Ireland.
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Medica
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medica Comparisons
Competitors of Medica
Medica operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 5C Network, vRad, Telemedicine Clinic, Rology and TeleradTech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-powered solutions for medical imaging and radiology reporting are provided.
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| domain | founded_year | HQ Location |
Provider of an AI-based software solution for radiology image analysis and teleradiology services
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| domain | founded_year | HQ Location |
Teleradiology reporting services are provided to European hospitals.
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| domain | founded_year | HQ Location |
AI-based teleradiology platform is provided for radiologists' online consultations.
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| domain | founded_year | HQ Location |
Cloud-based radiology workflow solutions with PACS integration are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medica
Frequently Asked Questions about Medica
When was Medica founded?
Medica was founded in 2004 and raised its 1st funding round 17 years after it was founded.
Where is Medica located?
Medica is headquartered in Hastings, United Kingdom. It is registered at Hastings, East Sussex, United Kingdom.
Who is the current CEO of Medica?
Stuart Quin is the current CEO of Medica.
How many employees does Medica have?
As of Dec 31, 2021, the latest employee count at Medica is 306.
What does Medica do?
Medica is involved in delivering telemedicine solutions, focusing on teleradiology and telepathology services. Operations are centered on improving diagnostic outcomes through faster access to subspecialty expertise. Services are provided to over 100 NHS hospitals and independent organizations. Innovative software and technologies are utilized to adapt services to customer needs. Coverage includes emergency and elective reporting in specialized areas like stroke, trauma, and PET CT. A global network of over 750 reporters across 20 countries is maintained to ensure quality and efficiency in diagnostics.
Who are the top competitors of Medica?
Medica's top competitors include vRad, Telemedicine Clinic and 5C Network.
What products or services does Medica offer?
Medica offers Teleradiology and Telepathology.
How many acquisitions has Medica made?
Medica has made 4 acquisitions, including Global Diagnostics, Moonlight Bidco, and RadMD.
Who are Medica's investors?
Medica has 3 investors. Key investors include Investec, IK Partners, and Panmure Liberum.