Last checked at 22 Nov 2017 07:00
The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this Announcement, this information is now considered to be in the public domain.
22 November 2017
Totally plc
("Totally", "the Company" or the "Group")
Key contract extension in Vale of York
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 it has been awarded in principle a two year contract extension to 31 March 2020 ("the Contract") with NHS Vale of York Clinical Commissioning Group ("the CCG") through its subsidiary Vocare Limited ("Vocare"), one of the leading providers of integrated urgent care services in the UK.
The final contract value is expected to be worth approximately £3m per annum. Under the Contract, which will become effective 1 April 2018, Vocare will continue to provide GP Out-of-Hours services to the CCG.
The contract extension further endorses the quality of care provided by Vocare in the region and follows the recent publication of four reports by the Care Quality Commission (CQC) which, the Company is pleased to announce, rated Vocare's services as good in all areas assessed.
Commenting on the contract extension Wendy Lawrence, CEO of Totally, said: "I am thrilled to be updating the market with the good news of our first contract extension since we completed the acquisition of Vocare last month. Over the last few weeks we have devoted all of our efforts to the integration of Vocare into the enlarged group.
"This key contract extension emphasises the continued confidence of the CCG in Vocare's ability to consistently deliver GP Out-of-Hours services. I am delighted with the results of the recent CQC reports, which not only demonstrate the high standard of care and quality that Vocare offers in the region but also, reflect the hard work undertaken by the local team.
"GP Out-of-Hours services are a vital part of a broader integrated urgent care offering and I am pleased that the NHS recognises the importance of a collaborative approach to address the rising pressure on emergency care services. As one of the leading providers of urgent care services in the UK, Vocare is well placed to benefit from this trend.
"I look forward to updating the market further on the progress of the Group as we work to fully integrate Vocare and continue towards our vision of becoming the leading provider of out-of-hospital care in the UK."
ENDS
For further information please contact:
Totally plc | 020 3866 3335 |
Wendy Lawrence, Chief Executive Bob Holt, Chairman
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Allenby Capital Limited (Nominated Adviser & Joint Corporate Broker) | 020 3328 5656 |
Nick Athanas Virginia Bull James Thomas
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Cenkos Securities plc (Joint Corporate Broker) | 020 7397 8900 |
Alex Aylen - Sales Bobbie Hilliam - Corporate Finance
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Yellow Jersey PR | 0776 932 5254 |
Georgia Colkin Joe Burgess |
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Notes to Editors
Totally plc aims to become a leading 'out-of-hospital' healthcare service provider in the UK, helping to address some of the biggest challenges faced by the UK healthcare sector.
By working to deliver preventative and responsive care through its subsidiaries across multiple disciplines, Totally's goal is to improve people's health, reduce healthcare reliance, re-admissions and emergency admissions.
Totally, via its subsidiaries, operates within the UK's outsourced healthcare market, estimated to be worth in excess of £20bn per year for the NHS alone. Out-of-Hospital services include care in the community, GP surgeries, patients' homes, prisons and other public sector organisations, places of work as well as mobile locations and urgent care solutions.
The Company is currently engaged in delivering a progressive 'buy and build' consolidation strategy within the UK's fragmented healthcare market and raised £18 million in February 2017 to capitalise on the attractive opportunities that its disruptive, outcome-based, outsourced healthcare service model offers, to ultimately deliver value to shareholders as it continues to build critical mass in 2017 and beyond. In October 2017, the Company completed its proposed acquisition of Vocare Limited, a UK urgent care specialist providing services to 9.2 million patients per year, for up to £11.0 million.
www.totallyplc.com
Premier Physical Healthcare and Optimum Physiotherapy - occupational physiotherapy to NHS, prisons and the police force as well as private clients
Wholly owned subsidiaries of Totally plc, providing a comprehensive range of treatments and advice for musculoskeletal injuries and conditions. The businesses deliver physiotherapy and podiatry to NHS patients, have contracts with various police forces and prison sites and provide occupational health and ergonomic services to corporate and private clients. Totally completed the acquisition of Premier Physical Healthcare Limited on 1 April 2016 and Optimum Sports Performance Centre Limited on 14 November 2016.
www.premierphysicalhealthcare.co.uk
www.optimum-hcs.com
About Health Limited - provider of community based dermatology services and referral management services
A wholly owned subsidiary of Totally plc and a leading provider of dermatology and referral management services to the NHS in the UK. About Health has been providing community based health services under contract to the NHS since 2009 and the company is CQC registered. Totally completed the acquisition of About Health Limited on 15 June 2016.
www.abouthealthgroup.com
Vocare Limited - leading UK urgent care provider
A wholly owned subsidiary of Totally plc, the Vocare Group is one of the leading national specialist providers of urgent care services in the country. Headquartered in Newcastle upon Tyne, it provides innovative healthcare services to approximately 9.2 million patients across the UK through urgent care centres, GP out-of-hours services, integrated urgent care centres and the NHS 111 service - working in close collaboration with the NHS and other healthcare providers in local areas nationwide. Totally completed the acquisition of Vocare Limited on 24 October 2017.
www.vocare.org.uk
Totally Health - clinical health coaching via B2B model to the NHS and the private sector as well as D2C health coaching to individuals and families
A wholly owned subsidiary of Totally plc, provides an innovative model of medically driven, and personalised Clinical Health Coaching to educate patients and give them confidence to self-manage their conditions. The service supports the management of long term conditions in patients such as chronic obstructive pulmonary disease (COPD), diabetes and wider wellness issues such as smoking cessation and obesity management.
www.totallyhealth.com
www.myclinicalcoach.com