PMG to rescue E-Reporting Group

Premier Medical Group is taking 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 said it 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.

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.”

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.

Commenting on the wider implications of the administration of E-Reporting Group for smaller medical reporting companies, Powell said: “The general deleveraging within the economy means the smaller companies in this market, with high operational leverage, are left particularly exposed to the risk of a sudden withdrawal of funding by banks attempting to repair their capital bases.”

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.”