Totally PLC - Derby-based healthcare service provider that spans public and private sectors - Enters agreement to acquire the entire issued share capital of Pioneer Health Care Ltd, an independent provider of specialist NHS secondary care services. The total consideration is up to GBP13.0 million on a cash-free and debt-free basis. Fee is to be paid 80% in cash and the remaining 20% will be satisfied by the issue of new ordinary shares in Totally. Says acquisition is immediately earnings enhancing and adds outsourcing capabilities to Totally's portfolio.
Current stock price: 32.50 pence
12-month change: up 0.8%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Totally (TLY)