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Pin to quick picksTotally Share News (TLY)

Share Price Information for Totally (TLY)

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Share Price: 6.25
Bid: 6.00
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Change: 1.35 (25.71%)
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Open: 5.50
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Totally wins new GBP650,000 contract for urology services in Ireland

Wed, 12th Apr 2023 11:12

(Alliance News) - Totally PLC on Wednesday said it won a new insourcing contract for the delivery of urology services for the Saolta University Health Care Group in Ireland, valued at around GBP650,000.

The UK and Ireland-focused provider of frontline healthcare services, corporate fitness and wellbeing services said the contract is for delivering endoscopy procedures between May and December, during weekends when hospital facilities are not otherwise in use.

This is in order to maximise the potential number of patients that can be seen within the existing hospital infrastructure, Totally said.

It added the contract may be extended for up to a further twelve months, upon completion of the initial period and subject to demand and budget availability.

This contract follows a previous agreement in 2021 with the Saolta Group for the delivery of endoscopy procedures across its hospitals.

"Insourcing provides the NHS and other providers with a way to maximise the efficiency of their existing infrastructures by utilising premises and equipment when they are otherwise not in use," said Totally Chief Executive Officer Wendy Lawrence.

"Increasing the number of hours in which operating theatres and other facilities are in use is a logical and effective use of these resources and, most importantly, essential if we are to reduce the number of patients waiting for essential procedures. We have seen a continued increase in demand for insourcing services, where Totally mobilises full teams to deliver additional procedures, without impacting the hospitals ability to carry out regularly scheduled care."

Totally said the Saolta Group provides acute and specialist hospital services to the west and northwest of Ireland in six hospitals across seven sites in Galway, Mayo, Roscommon, Sligo, Leitrim, Donegal and adjoining counties.

Shares in Totally were up 2.0% to 16.70 pence each in London on Wednesday morning.

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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