Liverpool health cash plan provider Medicash announces new chief executive with long-time boss Sue Weir set to retire in March 2025. Tony McDonough reports
Health cash plan provider Medicash says Andrew Healy is to become its new chief executive.
He will replace long-time boss Sue Weir who will retire in March 2025 after 21 years with the Liverpool business. She has overseen significant growth at the firm which has just reported record annual revenues of £51m.
In 2023 Medicash also acquired its One Derby Square home – the former Pearl Assurance House – in the city centre for £12m. Owning the 70,161 sq ft building saves it around £200,000 a year in rent and provides a rental income stream from other tenants.
Andrew’s background includes chief executive roles in a number of mutual and community-focused financial services businesses. For more than five years until July this year he was CEO of Leek Building Society.
He was awarded an MBE in 2023 for services to the local community. Andrew will start at Medicash on March 3, 2025, subject to regulatory approval. He will take over the UK’s largest provider of corporate cash plans and with more than 600,000 policyholders.
He said: “I am truly delighted to be joining Medicash, a wonderful organisation that for more than 150 years has been making a positive difference through its innovative healthcare offerings and outstanding charitable foundation.
“I look forward to building on the strong platform created by Sue Weir and to working with the talented Medicash team to continue to grow the business and to support our customers, colleagues and communities in every way possible.”
During Sue Weir’s time at Medicash, the company has grown significantly from 135,000 policyholders to over 630,000 today, as well as being crowned the largest provider of corporate cash plans in the UK.
In 2018, Medicash was also awarded the Freedom of the City of Liverpool in recognition of its longstanding commitment to charitable giving and contribution to healthcare.
Sue added: “I’d like to thank my wonderful colleagues for making my time here an absolute pleasure. The team has embraced change to enable Medicash to become the best in its sector and I wish Andrew well in his new role.
“I’m looking forward to building on my portfolio of chair and non-executive director positions in the commercial, charity and public sectors, along with spending more time with friends and family.”
Medicash Chair Jonathan Brown said the firm’s board was pleased to appoint a chief executive of Andrew’s “calibre and experience”.
“It was always going to be a momentous occasion when Sue decided to retire and her unwavering commitment to both the business and the charitable work supported through the Medicash Foundation have left a permanent mark on the sector,” he added.
“I want to thank her personally for all her expertise and guidance, it has been such a pleasure working with her and seeing the company grow from strength to strength.
“In Andrew Healy, we’re confident we have a capable and worthy successor who very much shares our vision for the business to take it forward.”