Trading Update

RNS Number : 2872W

Totally PLC

08 February 2017

 

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

8 February 2017

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

Trading Update

Progress made as Totally continues to build itself into a leading out of hospital healthcare service provider in the UK

Totally plc (AIM:TLY), the provider of a range of out-of-hospital services to the healthcare sector in the UK, is pleased to announce that following the end of the Company's financial year on 31 December 2016, the Board anticipates that the Company's full year results, which are still subject to external audit, are expected to be marginally ahead of current market expectations. Based on unaudited management accounts Group revenues for the 12 months ending 31 December 2016 are expected to be no less than £3.7m.

Having made three acquisitions in the healthcare services sector over 2016 worth a total maximum consideration of up to £15.1m, and secured new and renewed contracts with a value in excess of £1.7m per annum in revenues, the Board believes that Totally is making strides in its goal of being the leading provider of out of hospital care in the UK.  The Board is also pleased to confirm that the Company has made a positive start to the new financial year with its five subsidiary businesses continuing to secure new business and renew existing contracts with both the NHS England and private sector organisations.

In addition, the Company continues to execute on its 'buy and build' strategy as it seeks further acquisition opportunities that complement its offering, focused on the UK outsourced healthcare services market, which has been estimated by the Centre for Health and the Public Interest in 2015 to be worth in excess of £20 billion per year.

Wendy Lawrence, CEO of Totally, said, "We are delighted to update the market on the progress that Totally is making as it continues to build itself towards becoming the leading out of hospital healthcare service provider in the UK, helping to address some of the biggest challenges the UK faces in terms of healthcare.  With three acquisitions successfully executed and integrated in 2016 and revenues already secured, we have laid the foundations for further growth in 2017, as we look to be the consolidator in a fragmented healthcare market and capitalise on the attractive opportunities that our disruptive, outcome-based, outsourced healthcare service model offers."

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 Nick Naylor Alex Brearley
Cenkos Securities plc (Joint Broker)	020 7397 8900
Alex Aylen - Sales Bobbie Hilliam - Corporate Finance
Yellow Jersey PR	0776 932 5254
Felicity Winkles Joe Burgess

Notes to Editors

Totally plc is focused on becoming the UK's leading provider of out of hospital care in community settings, GP surgeries and patients' homes, from diagnosis through to discharge. The Company is currently engaged in delivering its 'buy and build' expansion strategy, adding to the range of services provided by the Group through working with organisations that share its vision. By working to deliver sustainable self-care management and education, Totally's goal is to reduce healthcare reliance, re-admissions and emergency admissions.

Totally, via its subsidiaries, currently operates contracts with NHS England, several CCGs and other public and private sector organisations across England, delivering a wide range of healthcare services.

www.totallyplc.com 

Totally Health, a wholly owned subsidiary of Totally plc, provides an innovative model of medically driven, and personalised Clinical Health Coaching to help support patients with long-term health conditions, improve outcomes and reduce healthcare costs. The service delivers sustainable behavioural changes, enabling patients to be educated and confident to self-manage their conditions. This in turn aids long-term behavioural change and reduces healthcare reliance, re-admissions and emergency admissions. Totally Health provides the leading Clinical Health Coaching service in England to NHS patients via a number of programmes commissioned by CCGs, using a model that complements and supports existing health care pathways.

www.totallyhealth.com 

Premier Physical Healthcare Limited, a wholly owned subsidiary of Totally plc, provides a comprehensive range of treatments and advice for musculoskeletal injuries and conditions. It delivers physiotherapy and podiatry to NHS patients and was awarded ISO27001 accreditation in November 2016. Premier also has contracts with various police forces and prison sites; as well as providing occupational health and ergonomic services to corporate clients, such as display screen equipment assessments; post-injury returns to work suitability assessments; podiatry treatment; and sports massage services. The business also has a network of clinics located in health and fitness centres. Totally completed the acquisition of Premier Physical Healthcare Limited on 1 April 2016.

www.premierphysicalhealthcare.co.uk

My Clinical Coach is a direct-to-consumer health-coaching service for people with long-term health conditions. Individuals or their families can choose to subscribe to the service, which is a personal, professional, clinically-focused and patient-centered service, tailored for each individual. The service was initially launched in early 2016 and full launch took place in August 2016. Totally Health operates my Clinical Coach.

www.myclinicalcoach.com 

About Health Limited, a wholly owned subsidiary of Totally plc, has been providing community based health services under contract to the NHS since 2009 and the company is CQC registered. They provide community dermatology services to 18 clinics across Lancashire, Dorset and Hampshire. From 2013 to 2015 About Health was shortlisted for the Primary/Community Care Provider of the Year award at the annual Health Investor Awards. About Health is headquartered in Blackburn, Lancashire. Totally completed the acquisition of About Health Limited on 15 June 2016.

www.abouthealthgroup.com 

Optimum Sports Performance Centre Limited, a wholly owned subsidiary of Totally plc, provides physiotherapy services in 24 towns across 10 counties in the UK. The ethos of the Company is to seek to over deliver on its services to allow its customers to get the best treatment pathway available. To underpin this philosophy, Optimum became one of the first physiotherapy providers in the UK to obtain ISO9001:2008 certification in 2013.

Optimum has a talented team of physiotherapists, strength and conditioning coaches and rehabilitation specialists to assist clients both in injury recovery and in training to prevent injuries occurring. Totally completed the acquisition of Optimum Sports Performance Centre Limited on 14 November 2016.

www.optimumsportsperformance.com 

 

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