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MD Group grows by a third to diversify services

MD Events' parent company launches MD Corporate and patient care service to diversify from health sector
05/07/2016

Pictured: MD Group chief operating officer Tarquin Scadding-Hunt

MD Group has grown staff numbers 32 per cent in 12 months, while revenue from its European offices has jumped 42 per cent in the same period, as it continues diversifying its services.


The parent company of MD Events, with headquarters in Bracknell (London), says it is considering a move to larger offices as business moves "1,000 miles an hour".


The company, which started off as MD Events, has been widening the net from its original health-focused strategy, and now includes MD Corporate, MD Recruitment and MD Travel. It has also launched a service to focus on patient care.


MD Group chief operating officer Tarquin Scadding-Hunt said: "In this world of procurement, having one revenue stream being an events stream, along with other streams gives you more recognition at the table."


Founder Miriam Dervan added: "We're not just meetings and events any more, and we're not just life science. We've now got MD Travel, MD Recruitment and a patient services division. All of those services have helped us grow, particularly in the last year. It's all looking incredibly positive."


The company took on four new full-time staff this month and has another five beginning in September. Along with offices in Bracknell, London, it has offices in St Petersburg, Singapore, Hong Kong, San Francisco and Philadelphia.


The group's offices in the US have also reported strong growth, with year on year revenues up 25 per cent, and plans are under way to establish a third office in North Carolina. Scadding-Hunt said it would help service the pharmaceutical companies in the area.


"We already have a presence in North Carolina, but we're thinking of setting up a permanent office. There's a lot of life science and health companies there - it's a huge area for those type of companies and although we're  expanding our region to corporate areas, our focus at the moment is in life sciences," he said.


Dervan said: "We seem to be going at 1,000 miles an hour and it's not stopping. "We have a goal this fiscal year and we're definitely on target to reaching that goal. If we do, it'll be our best year yet in the last six years."


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