Totally secures £11m worth of contracts
By Josh White
Date: Thursday 11 Jul 2024
(Sharecast News) - Healthcare service provider Totally announced the securing of multiple contracts valued at around £11m on Thursday, set to be recognised within the current financial year.
The AIM-traded company said it had secured three elective care contracts worth around £8m.
It said the contracts were designed to reduce elective care waiting lists for three Integrated Care Boards (ICBs) across a variety of specialities, including gastroenterology, gynaecology, and ophthalmology.
Two of the contracts extended existing relationships where Totally had a proven track record of delivering services and enhancing patient access, supporting around 2,500 patients annually to ensure timely treatment.
Additionally, Totally secured three contracts to support urgent care services, totaling about £3.5m.
They included the delivery of GP out-of-hours (GPOOH) services in the North East and clinical assessment services in Yorkshire.
The established services provided access to over 60,000 patients each year, both during and outside of regular hours.
"We are delighted to confirm these contract extensions, many of which have been in review over the election period," said chief executive officer Wendy Lawrence.
"There are now encouraging signs that the temporary election hiatus has lifted."
At 0946 BST, shares in Totally were up 10.34% at 8p.
Reporting by Josh White for Sharecast.com.
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