News Updates
Thursday 20th November 2008
Premier Medical Group steps in to take over operations as credit crunch force E-Reporting Group into administration
20th November 2008 – Premier Medical Group (PMG), a leading provider of medical reports in the UK, has today announced it is to step in and take over the operations of E-Reporting Group subsidiaries Medical Report Services (MRS), a medico-legal reporting operation, and Remedy Matters, a rehabilitation and triage service.
E-Reporting Group entered into administration on 18th November. The business and assets of MRS and Remedy Matters have been sold to Kuro Healthcare, part of the PMG.
To provide continuity of service to E-Reporting Group’s customers, continued employment for its 68 employees and over 100 medical experts, PMG is stepping in and will ensure that all outstanding reports and future instructions to MRS or Remedy Matters can now be delivered and underwritten by Kuro Healthcare, a wholly owned subsidiary of PMG; operating from existing E-Reporting Group’s offices in Redditch, Worcestershire.
Commenting on the acquisition Jason Powell, chief executive officer of PMG, said: “This is a difficult time for the employees and suppliers of E-Reporting Group; with the explicit support of their largest customer, we hope to soften the inevitable impact of this event, ensuring continuity of service provision whilst minimizing disruption. Of course all services provided to Kuro Healthcare following administration will be underwritten by PMG.”
Jason Powell continued: “We have built our business on establishing strong trading relationships with our medical experts and this remains a key priority for us going forward. We can help to minimize the potential risk of loss suffered by medical experts who have worked for MRS or Remedy Matters in the past by underwriting activity moving forward”
The deal is supported by the BGL Group, whose claims management arm, ACM ULR, has been working with MRS to support customers with medical report requirements. As part of its commitment to customer service, BGL Group has been working with PMG to ensure there will be minimal disruption to clients and their claims.
Dr Harry Brünjes, chairman of PMG, said: “PMG has built a financially strong business based on sound financial governance and offers high quality services to customers; we will continue to build on this success with the integration of these operations into the PMG.”
For further information please contact:
Alex Wise, Concise Public Relations Tel: 020 7100 3960 or 07710 665615
Notes to editors:
Premier Medical Group
The Premier Medical Group was created in February 2008 following the Nomura-backed merger of Premier Medical Limited and Medico-Legal Reporting. The resulting business is a leading provider of medical opinion in the UK from its bases in Pangbourne, Berkshire and Ludlow, Shropshire.
The group has a reputation for service excellence which is underpinned by the latest IT technology innovation and a clinic network with over 150 locations in the UK. Since the merger the group has improved its competitiveness through operating and supply chain synergies, the Group also plans to extend its products to include other areas of primary care including; private GP consultations, rehabilitation, wellness and occupational health services.