TIDMINHC
RNS Number : 2993S
Induction Healthcare Group PLC
15 November 2021
Induction Healthcare Group PLC
("Induction", the "Company", or the "Group")
Directorate Change
Appointment of Chief Financial Officer
Induction (AIM: INHC), a leading virtual care platform driving
digital transformation of healthcare systems worldwide, announces
the appointment of Guy Mitchell, who joins the Board as Chief
Financial Officer with immediate effect.
Mr Mitchell is a finance professional with over 20 years'
experience in senior financial leadership roles. He has spent the
last 10 years specialising in high growth, Private Equity and
Venture Capital backed software/technology companies, typically
businesses with SaaS models and with a global reach and customer
base. Previously Mr Mitchell served as Interim CFO at AIM listed,
FreeAgent PLC, a SaaS based accounting software company and as
Interim CFO at Oxehealth Limited, a Venture Capital and Private
Equity backed global SaaS model medical software supplying mental
health trusts and care homes with a niche solution unrivalled in
the market. Mr Mitchell was also Finance Director of GFI Max
Limited through a significant growth period of GBP5m to GBP75m
annual recurring revenue in just over three years.
Mr Mitchell's strengths lie in international financial
leadership and management, tax strategy and compliance and business
partnering to deliver shareholder value. Throughout his career, Mr
Mitchell has overseen the acquisition and integration of five
companies from different global locations including the UK,
Armenia, the Netherlands and the US, raised over GBP10m of Venture
Capital and Private Equity investment, and grown a finance team of
three to 17 in under three years across different geographical
locations.
Mr Mitchell is a Qualified Accountant and Chartered Tax Adviser
and holds a Mathematical Sciences degree from Edinburgh Napier
University.
Olly Drake, the Company's interim CFO, is leaving Induction in
order to pursue other opportunities.
Guy Mitchell, Chief Financial Officer, commented: "I am
delighted to be joining Induction during an incredibly dynamic time
for the Company. The Company's recent announcement of the first
major contract outside of the healthcare space indicates the
diversity of Inductions products and I look forward to working with
James as we continue to build on this strong sales momentum and
drive growth for the Company."
James Balmain, Chief Executive Officer, commented: "Guy is a
great addition to the Induction Board, and I would like to welcome
him to the team. The Company is going from strength to strength and
Guy's extensive experience in SaaS companies as well as knowledge
of AIM and high growth companies will prove highly beneficial to
Induction as we continue to build on our successes.
"I would like to thank Olly for his support and hard work,
especially during the acquisition of Attend Anywhere. Olly has been
an invaluable member of the Induction management team and I wish
him every success in his future pursuits."
Disclosures in accordance with the AIM Rules
Guy James Mitchell, 46, is, or has been, a director or partner
of the following companies or partnerships during the past five
years:
Convertr Media Limited
Freeagent Central Limited
The IDCO Limited
Mr Mitchell owns no shares in Induction.
There are no further disclosures required in accordance with AIM
Rule 17 and Schedule Two paragraph (g) of the AIM Rules for
Companies.
ENQUIRIES
Induction Via Walbrook PR Ltd: induction@walbrookpr.com
James Balmain, Chief Executive Officer
Dr Hugo Stephenson, Group Executive
Director
Singer Capital Markets (Nominated
Adviser and Broker) +44 (0) 20 7496 3000
Philip Davies / Kailey Aliyar
Walbrook PR Ltd induction@walbrookpr.com
Paul McManus / Alice Woodings Mob: +44(0)7980 541 893 / +44 (0)7407
804 654
About Induction - www.inductionhealthcare.com
Induction (AIM: INHC) is a leading virtual care platform driving
digital transformation of healthcare systems worldwide. Induction
solutions enhance the investments hospitals have made and lay the
foundation for their future. Our products can enable information
sharing between busy doctors, alleviate operational burdens on
hospitals or put patients in better control of their care, all
while ensuring the highest standards of clinical safety and
information security. We unchain staff and patients from the
limitations of paper-based and desktop systems, creating
substantial time and cost efficiencies.
More than 225,000 hospital doctors across multiple territories,
including the UK, Ireland, Australia and South Africa, as well as a
rapidly growing number of more than 300,000 UK patients, choose
Induction solutions.
Induction Switch is the number one healthcare collaboration app
in the UK, used by the majority of hospital doctors within the NHS.
The app helps to increase productivity and enhance communication by
securely sharing phone numbers and bleeps, bookmarks, documents and
messages in a clinical setting.
Induction Guidance provides medical organisations, including
most hospital trusts within the NHS, with the ability to
collaboratively create, edit, and publish their own local medical
guidelines in a secure and locally administrated environment. This
increases knowledge of, and adherence to, guidance.
Induction Zesty is a market-leading digital platform for
patients visiting hospitals. The platform allows patients to book
and access their appointments, read their clinical letters, store a
copy of their clinical record and provide data to their care teams
remotely. It is not just a compelling patient experience, but also
delivers significant cost benefits to hospitals.
Induction Attend Anywhere is the UK market leader in secondary
care video consultations. It helps hospitals, health systems and
other customers offer video consultations to patients and service
users as a normal part of day-to-day clinical activity. Our vision
is for video consultations to improve lives and help address
social, access, equity and sustainability challenges by allowing
healthcare providers to determine how and when they see a patient
based on each individual case: in-person, via video or on the
telephone.
Induction HealthStream is a proprietary data integration
platform that reads and writes patient demographic, appointment and
clinical record data between a growing number of hospital EHR
systems and the Induction platforms. This connectivity between
stakeholders and legacy IT systems adds substantial value to
pre-existing health IT investment and allows large-scale adoption
of Induction app-based services.
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