Derby healthcare service provider “delighted” with results

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Group turnover has grown by £9m to reach £49.2m at Derby-based Totally, the provider of healthcare services, according to unaudited interim results for the six months ended 30 September 2019.

Meanwhile the firm posted a gross profit of £9.8m, up from £5.7m the same period of 2018.

 

Totally also highlighted a loss before tax of £2.6m.

Chairman Bob Holt said: “I am pleased to report on a solid first half which saw us complete the transformational and highly complementary acquisition of Greenbrook Healthcare, offering the Group a greater foothold across the UK in the urgent care sector. Urgent care is one of the cornerstones of the NHS Long Term Plan and, with both Vocare and Greenbrook as part of the Group, Totally has a nationwide footprint in this area with the ability to provide the key services that the Long Term Plan requires.

“Great progress has been made by the management team integrating Greenbrook and many synergies have already been realised. The Group has also seen good results across the rest of the core business and continues to find many business opportunities across our subsidiaries as we scale the Group.

“During September 2019 we launched Totally Healthcare, a business focused on insourcing; an emerging area of healthcare provision which can help to clear long waiting lists. This is an exciting step for us; the market for insourcing is currently estimated by management to be valued at £125m-£150m per annum and is growing rapidly. Our aim is for Totally Healthcare to become the UK and Ireland’s market leader in insourcing. With a national platform in place, as well as strong relationships across a number of healthcare commissioners and providers, we are confident that Totally Healthcare will achieve this goal.”

Wendy Lawrence, Chief Executive Officer, said: “I am delighted with the progress that we continue to make across the Group and am pleased to report that, at the half year, we are trading in line with both management and market expectations and the pipeline of opportunities remains strong across all business streams.

“Alongside sizeable new contracts, extensions and renewals across the Group we also announced, post period end, a key new c. £8.3 million contract win by Greenbrook to provide services at Watford Urgent Treatment Centre, as well as contract extensions for Vocare worth c. £16.6 million and numerous contract variations and extensions in our planned care businesses. These are fantastic achievements, and we are hopeful of being in a position to announce further activity in the near future.

“Following the progress made on the integration of Greenbrook we now have a strengthened nationwide platform for service delivery in integrated urgent care, complementing our planned care subsidiaries which continue to perform well and win new business. We are very excited by the future prospects and are now focused on continuing to build momentum across all our divisions and, as with the recent launch of Totally Healthcare, are looking for opportunities to continue to grow organically into the lucrative and emerging areas of both planned and urgent care.”