TIDMTLY
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 GBP4.1million as at
31 December 2017, this number has been revised upwards to no less
than GBP8.0million.
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 GBP500,000, 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:
020 3866
Totally plc 3335
Wendy Lawrence, Chief Executive
Bob Holt, Chairman
Allenby Capital Limited (Nominated 020 3328
Adviser & Joint Broker) 5656
Nick Athanas
Virginia Bull
James Thomas
020 7397
Cenkos Securities plc (Joint Broker) 8900
Alex Aylen - Sales
Bobbie Hilliam - Corporate Finance
07825 916
Yellow Jersey PR 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
GBP20bn 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 GBP18 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 GBP11.0 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
END
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