Totally's full-year results to be 'marginally ahead' of expectations after acquisitions

8th Feb 2017 08:51

(ShareCast News) - Healthcare provider Totally anticipates that its full-year results will be "marginally ahead" of expectations, following a series of acquisitions.The AIM-listed company said that based on based on unaudited accounts, revenue for calendar 2016 is expected to be no less than £3.7m.Totally said that it is making progress with its goal to be the UK's leading provider of out of hospital care, as it made three acquisitions in the healthcare services sector last year for a combined £15.1m and secured new and renewed contracts, which are to generate revenue in excess of £1.7m per year.The acquisitions are part of the company's buy and build strategy in the outsourced healthcare services market, which is estimated to be worth over £20bn per year according to the Centre for Health and the Public Interest in 2015.The company's five subsidiaries have also secured new business and renewed contracts with NHS England and private sector organisations since the start of the year.Chief executive Wendy Lawrence said: "With three acquisitions successfully executed and integrated in 2016 and revenues already secured, we have laid the foundations for further growth in 2017, as we look to be the consolidator in a fragmented healthcare market and capitalise on the attractive opportunities that our disruptive, outcome-based, outsourced healthcare service model offers."Shares in Totally were up 3.54% to 58.50p at 0845 GMT.