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RNS Number : 9069X
Totally PLC
30 November 2017
 

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)

30 November 2017

Totally PLC

 

("Totally", "the Company" or "the Group")

 

Trading Update

 

Totally plc (AIM: TLY), the provider of a range of services to the healthcare sector in the UK, today provides the following trading update.

 

Following completion of the recent acquisition of Vocare Limited ("Vocare"), the Directors are pleased to confirm that trading across the Group is in line with expectations. In addition, following significant focus by management on cash collection, the Directors expect the cash balance of the Group to be significantly ahead of market expectations as at 31 December 2017. Market forecasts had anticipated cash balances to be £4.1million as at 31 December 2017, this number has been revised upwards to no less than £8.0million.

 

In addition to the above, the Company provides the following trading news for shareholders:

 

-     Totally's Premier, About Health and Optimum Physiotherapy subsidiaries (the "Existing Businesses") which were integrated into the Company during the first half of 2017 are all trading profitably after tax on an annual basis despite significant overheads being put in place to manage an expanding Group.

 

-     The Existing Businesses have been awarded a number of new contracts in recent weeks, with aggregate contract values in excess of £500,000, further demonstrating Totally's market positioning within the out-of-hospital care market.

 

-     The Vocare business, which operates in the integrated urgent care sector working directly with the NHS and which was formally acquired by the Company on 24 October 2017, is trading in line with Directors' expectations. Vocare's core trading period is over the winter months and the Directors believe the business is well positioned to successfully deliver operationally and financially during this period.

 

The Group is well positioned to take a significant market share of the outsourced integrated urgent care sector. The NHS announced in August 2017 that contracts will only be awarded to those providers who are able to supply the total integrated service of the NHS 111 non-emergency service, GP out of hours and Urgent Care Centres.

 

 

ENDS

For further information please contact:

 

Totally plc

020 3866 3335

Wendy Lawrence, Chief Executive

Bob Holt, Chairman

 

 

Allenby Capital Limited (Nominated Adviser & Joint Broker)

020 3328 5656

Nick Athanas

Virginia Bull

James Thomas

 

 

Cenkos Securities plc (Joint Broker)

020 7397 8900

Alex Aylen - Sales

Bobbie Hilliam - Corporate Finance

 

 

Yellow Jersey PR

07825 916 715

Georgia Colkin

Joe Burgess

 

 

Notes to Editors

Totally plc aims to become a leading 'out-of-hospital' healthcare service provider in the UK, helping to address some of the biggest challenges faced by the UK healthcare sector.

 

By working to deliver preventative and responsive care through its subsidiaries across multiple disciplines, Totally's goal is to improve people's health, reduce healthcare reliance, re-admissions and emergency admissions.

 

Totally, via its subsidiaries, operates within the UK's outsourced healthcare market, estimated to be worth in excess of £20bn per year for the NHS alone. Out-of-Hospital services include care in the community, GP surgeries, patients' homes, prisons and other public sector organisations, places of work as well as mobile locations and urgent care solutions.

 

The Company is currently engaged in delivering a progressive 'buy and build' consolidation strategy within the UK's fragmented healthcare market and raised £18 million in February 2017 to capitalise on the attractive opportunities that its disruptive, outcome-based, outsourced healthcare service model offers, to ultimately deliver value to shareholders as it continues to build critical mass in 2017 and beyond. On 6 October 2017, the Company announced its proposed acquisition of Vocare Limited, a UK urgent care specialist providing services to 9.2 million patients per year, for up to £11.0 million.

www.totallyplc.com 

 

Premier Physical Healthcare and Optimum Physiotherapy - occupational physiotherapy to NHS, prisons and the police force as well as private clients 

Wholly owned subsidiaries of Totally plc, providing a comprehensive range of treatments and advice for musculoskeletal injuries and conditions. The businesses deliver physiotherapy and podiatry to NHS patients, have contracts with various police forces and prison sites and provide occupational health and ergonomic services to corporate and private clients. Totally completed the acquisition of Premier Physical Healthcare Limited on 1 April 2016 and Optimum Sports Performance Centre Limited on 14 November 2016.

www.premierphysicalhealthcare.co.uk

www.optimum-hcs.com 

 

About Health Limited - provider of community based dermatology services and referral management services

A wholly owned subsidiary of Totally plc and a leading provider of dermatology and referral management services to the NHS in the UK. About Health has been providing community based health services under contract to the NHS since 2009 and the company is CQC registered. Totally completed the acquisition of About Health Limited on 15 June 2016.

www.abouthealthgroup.com 

 

Vocare Limited - leading UK urgent care provider 

A wholly owned subsidiary of Totally plc, the Vocare Group is one of the leading national specialist providers of urgent care services in the country. Headquartered in Newcastle upon Tyne, it provides innovative healthcare services to approximately 9.2 million patients across the UK through urgent care centres, GP out-of-hours services, integrated urgent care centres and the NHS 111 service - working in close collaboration with the NHS and other healthcare providers in local areas nationwide. Totally completed the acquisition of Vocare Limited on 24 October 2017.

www.vocare.org.uk 

 

Totally Health - clinical health coaching via B2B model to the NHS and the private sector as well as D2C health coaching to individuals and families 

A wholly owned subsidiary of Totally plc, provides an innovative model of medically driven, and personalised Clinical Health Coaching to educate patients and give them confidence to self-manage their conditions. The service supports the management of long term conditions in patients such as chronic obstructive pulmonary disease (COPD), diabetes and wider wellness issues such as smoking cessation and obesity management.

www.totallyhealth.com 

www.myclinicalcoach.com

 


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