IK Partners, a mid-market European private equity group, completed the acquisition of Medica Group, an international provider of high-quality telemedicine services, for £269m. "The Board of Medica believes that the offer from Bidco represents an attractive and certain value in cash today for Medica shareholders which reflects our reputation as a leading, high-quality teleradiology and wider telemedicine provider with a compelling service offering. The Board of Medica believes that IK Partners is a strong and credible partner for the business and is well positioned to support its next phase of development, including accelerating investment in the company which will benefit our customers and their patients going forward," Roy Davis, Medica Chairman.