U.K. teleradiology group Medica Group posted a double-digit growth in revenue and a roughly 18% increase in its recruitment figures for 2018 (end-31 December).
For the year, total revenue increased to approximately 38.9 million pounds (45.4 million euros), up 15.6% from 33.7 million pounds (39.3 million euros) in 2017. Gross profit also rose, reaching 19.1 million pounds (22.2 million euros) in 2018, up 16.1% from 16.4 million pounds (19.1 million euros) in the previous year.
Medica additionally reported growth in its recruitment figures for 2018, with the number of contracted radiologists, radiographers, and rheumatologists increasing to 362, up 56 people since the end of 2017. The total has reached 375 people as of February 2019.
Total revenue and recruitment continue to trend upward, and the company expects this level of growth to carry on throughout 2019.
Along with the report, Medica announced CEO John Graham's intention to step down in 2019.
