TIDMMDY 
 
RNS Number : 6592N 
MDY Healthcare PLC 
20 February 2009 
 

MDY Healthcare plc 
 
 
Operational review, cost reduction programme and directorate change 
 
 
20 February 2009: MDY Healthcare plc ("MDY Healthcare" or the "Company"), the 
strategic investor in healthcare companies, announces that following an 
operational review, it is implementing a significant cost reduction programme to 
reflect the Company's current level of assets under 
management. 
 
Accordingly, as part of this cost reduction programme, the 
Company has concluded that, given the circumstances, the Company no longer 
requires a Chief Executive Officer. Consequently, Charles Spicer, the current 
Chief Executive, has agreed to step down from the Board with immediate effect 
but will be available to the Company for a transitional period.  Charles will, 
however, continue to act as MDY Healthcare's representative on the board of SIW 
Holdings Limited, holding company for Stanmore Implants, one of the Company's 
key strategic investments. 
 
 
Following the implementation of the cost reduction programme, the Board will 
continue to seek to create shareholder value by extracting and developing the 
value of the current portfolio and exploring wider strategic opportunities as 
appropriate.  The Company will update shareholders further at the AGM which is 
currently scheduled for 22 April 2009. 
 
 
David Wong, Executive Chairman said: 
 
 
"Following an operational review, the Board concluded that we had to 
significantly reduce the Company's central costs. We would like to thank Charles 
for his valuable contribution to MDY Healthcare since his appointment in 2006, 
particularly in building up an excellent strategic portfolio of investments. We 
wish him every success in his future endeavours." 
 
 
Charles Spicer, Chief Executive said: 
 
"As previously reported, the extremely challenging conditions in the capital 
markets over the last 18 months have materially constrained our capital base and 
limited our ability to grow our assets. I would like to thank the Board, 
colleagues, advisers and shareholders for their support over the last 2� years. 
As a shareholder, I remain convinced of the long-term value of MDY's portfolio 
and wish the company well in the future. " 
 
 
For further information, please contact: 
 
 
+----------------------------------------------------+-------------------+ 
| MDY Healthcare plc                                 |                   | 
+----------------------------------------------------+-------------------+ 
| Charles Spicer, Chief Executive Officer            | +44 (0) 207 647   | 
| David Wong, Executive Chairman                     | 1800              | 
+----------------------------------------------------+-------------------+ 
|                                                    |                   | 
+----------------------------------------------------+-------------------+ 
| Financial Dynamics                                 |                   | 
+----------------------------------------------------+-------------------+ 
| Ben Atwell, Susan Quigley                          | +44 (0) 207 831   | 
|                                                    | 3113              | 
+----------------------------------------------------+-------------------+ 
|                                                    |                   | 
+----------------------------------------------------+-------------------+ 
| Brewin Dolphin Limited (Nomad)                     |                   | 
+----------------------------------------------------+-------------------+ 
| Matt Davis, Alison Barrow                          | +44 (0) 845 213   | 
|                                                    | 4848              | 
+----------------------------------------------------+-------------------+ 
 
 
Notes for editors: 
 
 
About MDY Healthcare 
MDY Healthcare plc is a sector specialised strategic investing company quoted on 
AIM (ticker symbol: MDY).  The company seeks to achieve superior returns for 
shareholders by investing globally in companies, both public and private, across 
the healthcare sector.  The directors, executives and senior advisors have 
significant operational and investment experience in the sector and therefore 
the ability to identify and review a wide range of potential investments. 
 
 
Further information can be found on the website www.mdyhealthcare.com. 
 
 
MDY Healthcare intends to publish its annual report and accounts for the year 
ended 30 September 2008 by March 2009. When available, shareholders will be able 
to download the report and accounts from the website www.mdyhealthcare.com. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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