03 October 2019
Totally plc
("Totally" or "the Company")
Launch of new business: Totally Healthcare
Totally plc (AIM: TLY), the provider of a range of services to the healthcare sector in the UK, is delighted to announce the launch of Totally Healthcare Limited ("Totally Healthcare"), a specialist business targeting the market for insourcing of healthcare services in the UK and Ireland. Totally Healthcare has been set up as a wholly-owned subsidiary of Totally plc.
Totally Healthcare is focused on insourcing, where hospitals sub-contract medical services / procedures to providers who use the host hospitals' premises and equipment for service delivery, taking advantage of spare capacity typically during weekends and bank holidays. The service makes for efficient use of hospital infrastructure and addresses a key issue in the UK healthcare industry: long patient waiting lists. Totally Healthcare will provide bespoke, high quality insourcing solutions, bringing its own consultants and nursing teams to work across specialties such as endoscopy, ophthalmology, ear nose and throat (ENT), orthopaedics and urology with activities including diagnostics, day-case surgery and outpatient activity.
Operating in a fragmented and developing market segment, currently estimated by management to be valued at £125m-£150m per annum, Totally Healthcare aims to become the UK and Ireland's insourcing market leader by providing high quality insourcing solutions to hospitals and quality care to patients.
To date, Totally Healthcare has conducted a pilot scheme in the Republic of Ireland, where consultants, with supporting nursing teams, were provided from the UK. Patients were treated at their local hospital with numerous procedures performed over a series of weekends which included colonoscopy, gastroscopy and flexible sigmoidoscopy. All of the patient feedback rated the care they received to be "very good" or "excellent".
Totally Healthcare will be led by Marie Lee, Managing Director, along with experienced clinicians including Dr Graham Turner, Medical Advisor, and Kaye Drew, Head of Nursing. Totally Healthcare's management team have a wealth of experience in delivering high quality insourcing services, focused on key clinical specialties, to hospitals in the UK and Ireland helping to reduce waiting times for patients. Totally Healthcare sits within the framework of Totally plc which provides the organisation with Board level assurance as well as clinical and business support from Totally's corporate team, including: business development, clinical governance, corporate assurance, finance, IT, HR and recruitment.
More information on Totally Healthcare can be found via its new website here: https://www.totallyhealthcarelimited.com/
Wendy Lawrence, CEO of Totally, said:
"We are delighted to officially announce the launch of Totally Healthcare. The Group's directors have identified long waiting lists as a fundamental issue facing the UK and Ireland's healthcare sector and we believe that Totally Healthcare is well placed to address this issue. By building upon the existing relationships of the Group and its subsidiaries we are confident we can make a significant impact in the fragmented insourcing market, with the ultimate aim of becoming the market leader.
"Long patient waiting lists can impact care quality and cause hospitals operational and / or financial problems. In many cases, hospitals are unable to reduce their waiting lists effectively without external support. With nearly 4.5m NHS patients currently on waiting lists in England alone and continuing increasing demand for NHS services, waiting times and waiting lists are not likely to decline without considerable effort. We see a significant opportunity to benefit patients and hospitals alike, across the UK and Ireland.
"The management team at Totally Healthcare boasts not only a wealth of experience in insourcing specifically, but also in broader healthcare and business development. Clearly, we plan to use Totally's current position as a leading healthcare provider across England and use our existing strong relationships with NHS commissioners and our central corporate teams to aid Totally Healthcare's growth.
"We are encouraged by the positive feedback that we have received to date from the pilot scheme in the Republic of Ireland and are also extremely pleased to announce that Totally Healthcare has secured a new contract in Ulster to deliver endoscopy procedures, a valuable starting block from which the business can grow. We look forward to notifying the market of further successes in due course.
"The Group has a proven track record of aligning new businesses with the Company, as demonstrated by the acquisitions of Vocare and Greenbrook Healthcare, and we fully intend to drive Totally Healthcare's growth and to capitalise on the opportunities within the insourcing market in the UK and Ireland."
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 Liz Kirchner |
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Canaccord Genuity Limited (Joint Corporate Broker) |
020 7523 8000 |
Bobbie Hilliam Alex Aylen |
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Yellow Jersey PR |
020 3004 9512 |
Georgia Colkin Joe Burgess |
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Notes to Editors
Totally plc aims to become a leading 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 looks to further 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.
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
Greenbrook Healthcare - leading provider of NHS urgent care centres
A wholly owned subsidiary of Totally plc, Greenbrook Healthcare is an innovative primary care organisation caring for NHS patients across London and the home counties. The business delivers services for NHS patients in a growing number of GP Practices, Walk-in Centres, Urgent Care Centres and community services. Totally completed the acquisition of Greenbrook Healthcare on 20 June 2019.
www.greenbrook.nhs.uk
Totally Healthcare - provider of insourcing to reduce hospital waiting lists
A wholly owned subsidiary of Totally plc, Totally Healthcare provides bespoke insourcing solutions to cut patient waiting times across the UK and Ireland. Hospitals subcontract medical services/procedures to Totally Healthcare's practitioners who utilise spare capacity within the host hospitals - using their premises and equipment for service delivery to reduce waiting lists. Totally Healthcare works across specialties such as endoscopy, ophthalmology, ear nose and throat (ENT), orthopaedics, urology and plastics with activities including diagnostics, day-case surgery and outpatient activity.
www.totallyhealthcarelimited.com
