Last checked at 1 Sep 2023 07:00
1 September 2023
Totally plc
("Totally", "the Company" or "the Group")
AGM Statement
Totally plc (AIM: TLY), a leading provider of frontline healthcare services, corporate fitness and wellbeing services across the UK and Ireland, will hold its Annual General Meeting at 10.00 a.m. today at the Company's registered office address, Cardinal Square West, 10 Nottingham Road, Derby DE1 3QT.
Chairman Bob Holt will make the following statement:
"We continue to work within a challenging operating environment alongside the NHS in crisis. The cost of agency staff required to deliver safe services for patients exceeds our anticipated forecasts and many decisions related to the awarding of new contracts are currently on hold.
"Our ongoing commitment remains centred on delivering excellent care for patients and commissioners and delivering returns for our shareholders, while simultaneously maintaining services which continue to be rated "Good" by the CQC. In addition to this, we are actively implementing strategies to streamline our operations and to align them with a smaller overhead base which more readily reflects the current contract requirement.
"The Board remains confident in the medium to long term prospects of the business and will ensure that future contract opportunities continue to be pursued and all contracts are managed effectively to support the achievement of Totally's goals. The Board's outlook for the current financial year remains consistent with that communicated alongside the full year results of the Company in July 2023.
"I would like to thank all our shareholders for their continued support."
For further information please contact:
Totally plc Wendy Lawrence, Chief Executive Officer Bob Holt, Chairman
| 020 3866 3330 |
Canaccord Genuity Limited (Nominated Adviser & Joint Corporate Broker) Bobbie Hilliam / Harry Rees
| 020 7523 8000 |
Singer Capital Markets (Joint Corporate Broker) Aubrey Powell / Sam Butcher
| 020 7496 3000 |
Yellow Jersey PR Sarah Hollins / Annabelle Wills / Jazmine Clemens
| 020 3004 9512 |
Notes to editors
About Totally
Totally is a leading provider of healthcare and wellbeing services across the UK and Ireland, working in partnership with the NHS, other healthcare providers and corporate customers to help address the challenges of increased demand for healthcare services.
The Company is committed to pursuing a progressive buy-and-build consolidation strategy within the fragmented healthcare market and looks to capitalise on the attractive opportunities that its disruptive service model offers to generate value to shareholders.
Totally helps healthcare commissioners and hospitals ensure patients can access the most appropriate care quickly and efficiently by delivering quality urgent care services, such as NHS 111 and urgent treatment centres, elective care services including insourcing, outsourcing and elective care delivered via 'Any Qualified provider', as well as community dermatology clinics; and therapy servicing including first contact practitioner and a full physiotherapy and podiatry offering. Our corporate customer services also play a role in reducing reliance on healthcare by promoting healthy lifestyles and physical and mental health.
Healthcare services
Urgent Care: Totally's urgent care services are delivered under the Totally Urgent Care brand, by Vocare and Greenbrook Healthcare. Both businesses have a strong heritage and have been delivering quality urgent care services including NHS 111, GP Out of Hours and Urgent Treatment centres on behalf of the NHS for more than 25 years and 15 years respectively.
Elective care: Totally's elective care services are delivered by Pioneer Healthcare, About Health and Premier Physical Healthcare.
· Pioneer Healthcare was established in 2007 and delivers a wide range of acute services to NHS patients, in partnership with independent healthcare sector private hospitals across England, to help the NHS reduce waiting lists whilst maintaining patient care and quality. Pioneer offer services through insourcing and outsourcing agreements and through its Any Qualified Provider status.
· About Health has been delivering community-based specialist care with a focus on delivering prompt assessment and treatment across the country since 2008.
· Premier Physical Healthcare was established in 2007 and provides physiotherapy and podiatry services to NHS patients, often within a community GP practice, and to the prison service.
Corporate Wellbeing Services
Energy Fitness Professionals ("EFP"): EFP is a corporate fitness provider established in 1990 to address a gap in the market for workplace fitness, which has grown to offer a range of services covering workplace wellbeing. EFP manages 58 gyms on behalf of its corporate customers, with more than 11,500 members.
For more information visit www.totallyplc.com