(MDY.L) MDY Healthcare PLC Buy/Sell

RNS Number : 8936Z MDY Healthcare PLC 30 September 2009

MDY Healthcare plc

China Update

30 September 2009: MDY Healthcare plc ("MDY Healthcare" or the "Company"), the strategic investor in healthcare companies, provides an update on investments and objectives within the Chinese healthcare market and the proposed China investment company.

As announced with the Company's interim results in June, the Company has sought to implement an investment strategy to improve shareholder value through international investment opportunities, with a particular focus on Chinese healthcare. The Company has already announced plans to set up a new specialist investment company, together, where appropriate, with co-investing partners, to seek investment opportunities in mid-range medical devices and equipment companies in China.

The Company has also sought opportunities in China where it can invest directly in healthcare businesses to maximise returns. In accordance with this strategy, the Company has made an investment for a nominal amount in CERT Limited, a newly formed company, which is in the process of setting up emergency medical training centres in China. Medical Consultants and Management Limited, a company in which David Wong, director, has an interest, is a shareholder in CERT Limited.

Following the acquisition of assets from 3i Group plc in March of this year for a consideration combining loan notes, cash and newly issued MDY shares, the directors of the Company will continue to look at innovative corporate structures to execute the Company's investment strategy globally. A full update of the Company's investments and strategy will be made at the time of the announcement of the Company's preliminary results in December.

For further information, please contact:

MDY Healthcare plc +44 (0) 207 647 1800

David Wong, Director david.wong@MDYhealthcare.com

Financial Dynamics +44 (0) 207 831 3113

Ben Atwell, Susan Quigley ben.atwell@fd.com, susan.quigley@fd.com

Brewin Dolphin Limited (Nomad) +44 (0) 845 270 8600

Matt Davis

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 and executives 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.

This information is provided by RNS The company news service from the London Stock Exchange

MSCBUGDCRSDGGCC