Directorate Change – Appointment of Chief Financial Officer
15 November 2021, 08:45 UTC By inhc
15 November 2021, 08:45 UTC By inhc
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 £5m to £75m 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 £10m 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
James Balmain, Chief Executive Officer
Dr Hugo Stephenson, Group Executive Director
Singer Capital Markets (Nominated Adviser and Broker) Philip Davies / Kailey Aliyar
Walbrook PR Ltd
Paul McManus / Alice Woodings
About Induction – www.inductionhealthcare.com
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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.