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LONDON (Alliance News) - Shares in Totally PLC were temporarily suspended on Friday as the company announced it is in the advanced stages of a reverse takeover of Greenbrook Healthcare.
Totally entered into an exclusive agreement regarding the potential acquisition of Greenbook, a provider of urgent-case centres in London. The company however said there is no certainty that a final agreement will be reached.
"The proposed acquisition would be consistent with the company's stated 'buy and build' consolidation strategy within the UK's fragmented healthcare market and particularly complementary to Totally's wholly owned subsidiary, Vocare Ltd, which was acquired in October 2017 and which is one of the leading national specialist providers of urgent care services in the country," Totally explained.
Totally plans to fund the acquisition via equity fundraise.
