Derby care firm in £11.5m swoop for London counterpart
Totally, the out-of-hospital care provider which recently relocated its headquarters from London to Derby, has confirmed it is to buy Greenbrook Healthcare, a provider of urgent care centres in London, for £11.5m.
Greenbrook Healthcare is a rovider of urgent care services to the NHS in the Greater London area. The firm turned over £33.4m in the year ending 31 March 2018.
Totally announced earlier this month that it was moving its head office operations out of London to Derby’s Cardinal Square scheme in a deal brokered by Rigby & Co.
Wendy Lawrence, chief executive of Totally, said: “We are thrilled to announce yet another landmark acquisition for Totally as we continue to deliver on our strategy and expand the Group. This highly complementary acquisition is an exciting and transformative opportunity, and one which offers significant operational and financial benefits.
“Adding such a well-regarded business as Greenbrook to our portfolio will provide us with a series of exciting growth opportunities in planned and unplanned care. Greenbrook’s expertise and reputation in UCCs can be leveraged across our existing national network, in line with the NHS’s commitment to integrated urgent care in its long-term plan. It will significantly strengthen our market positioning and allow us to deliver a wide spectrum of urgent care, driving revenue and margin growth in our core business. Furthermore, it will enable us to quickly expand into the London and South East markets which are key growth territories for Totally.
“We are excited by the opportunities that this acquisition can offer for the enlarged group and feel it will provide us with the expertise, capability and scale to be a key part of the solution, working closely with the NHS to solve its problems in urgent care. We look forward to updating the market in due course as we look to complete the proposed transaction and continue to build the company into one of the leading providers of out of hospital care in the UK.”
