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Integrated Diag Hdgs (IDHC)

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Thursday 07 March, 2019

Integrated Diag Hdgs

Appointment of a Broker

RNS Number : 0923S
Integrated Diagnostics Holdings PLC
07 March 2019
 

Integrated Diagnostics Holdings Plc

Company Announcement

 

7 March 2019

Appointment of J.P. Morgan Cazenove as Corporate Broker

 

(Cairo and London) - Integrated Diagnostics Holdings ("IDH" or "the Company"), a leading consumer healthcare company with operations in Egypt, Jordan, Sudan and Nigeria, announced today that it has appointed J.P. Morgan Cazenove as Corporate Broker.

 

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About Integrated Diagnostics Holdings

IDH is a leading consumer healthcare company in the Middle East and Africa with operations in Egypt, Jordan, Sudan and Nigeria. The Group's core brands include Al Borg and Al Mokhtabar in Egypt, as well as Biolab (Jordan), Ultralab and Al Mokhtabar Sudan (both in Sudan) and Echo-Scan (Nigeria). A long track record for quality and safety has earned the Company a trusted reputation, as well as internationally recognised accreditations for its portfolio of over 1,400 diagnostics tests. From its base of 405 branches as of 30 June 2018, IDH will continue to add laboratories through a Hub, Spoke and Spike business model that provides a scalable platform for efficient expansion. Beyond organic growth, the Group's expansion plans include acquisitions in new Middle Eastern and African markets where its model is well-suited to capitalise on similar healthcare and consumer trends and capture a significant share of fragmented markets. IDH has been a Jersey-registered entity with a Standard Listing on the Main Market of the London Stock Exchange (ticker: IDHC) since May 2015.

 

IDH's forward-looking strategy rests on leveraging its established business model to achieve four key strategic goals, namely: (1) continue to expand customer reach; (2) increase the number of tests per patient; (3) expand into new geographic markets through selective, value-accretive acquisitions; and (4) introduce new medical services by leveraging the Group's network and reputable brand position. Learn more at idhcorp.com.

 

Contacts

IDH

+20 (0)2 3345 5530

Sherif El-Ghamrawi, Investor Relations Director

+20 (0)10 0447 8699
[email protected]

 

 

Hudson Sandler (International Media relations)

+44 (0) 207 796 4133

Dan de Belder
Bertie Berger

[email protected]

 


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