Revenue leaps by 14% at healthcare services provider

Totally, the listed Derby healthcare services provider, enjoyed a healthy increase in turnover during the six months to 30 September, the firm announced this morning (14 November).

Having successfully navigated an operating environment its CEO described as “challenging”, the group’s turnover leapt by 14.1% to £70.3m, while gross profits were up 2.6% to £11.6m.

The company’s performance was driven in part by 15 contract extensions amounting to around £37m in value.

Bob Holt OBE, chairman at Totally, said: “We are pleased to report the Group’s interim results for the six months ended 30 September 2022.

“The operating environment has continued to be challenging for everyone in healthcare, and as the winter months approach, cases of COVID-19 and seasonal flu are, as expected, on the increase. This brings both opportunities and challenges for the Group.  Totally has a strong track record of managing services in difficult conditions and was established to support the NHS in the management of demand fluctuations just like this.

“Our most recent acquisition, Pioneer Healthcare, is responding to significant levels of demand for outsourcing and Any Qualified Provider (AQP) services. Responding to this growth opportunity is a priority for the Group.

“We remain committed to the delivery of high-quality, responsive services that support our partners, the NHS and commissioners. The scale of the opportunity remains significant, with demand outstripping supply and waiting lists continuing to sit at all-time highs.  We will continue to invest in our businesses and in new opportunities that enhance earnings opportunities and increase shareholder value.”

He added: “I want to pass my ongoing thanks to our exceptional teams.  Our people are our greatest asset, helping us respond quickly, professionally and with flexibility to the needs of our NHS commissioners.”

Click here to sign up to receive our new South West business news...