Liverpool-based health cash plan provider Medicash has secured its first Northern Ireland contract. The company will provide a health cash plan for the employees of particle board manufacturer Spanboard Products.

Medicash chief executive Bill Gaywood said: "We have recently started an aggressive new business drive in Northern Ireland and are very pleased with our first success."

The plan will be available to Spanboard employees, on a voluntary basis, through payroll deduction.

Medicash already supplies a health cash plan to Spanboard's Kirby-based sister company Sonae.

For 2000, Medicash, a mutual company, reported a rise in turnover to almost £22m and 'earned premiums' of £19m. It has over 250,000 members.

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