Healthcare services provider Totally PLC (LON:TLY), which earlier this month raised £17.6mln, is focused on making more acquisitions in 2017 having completed three last year which helped drive growth in its profits and revenues.
The AIM-listed firm saw its gross profit increase to £1.4mln for the full-year to December 31 2016, up from £0.4mln a year earlier, as turnover jumped to £4.0mln, from £0.6m in 2015, which it said exceeded market expectations. The group, which pointed out that its cash position is over £17mln following completion of the placing and open offer in March, said “significant progress” was made “delivering a progressive ‘buy and build’ strategy, aimed at establishing Totally as a leading provider of ‘out of hospital’ care in the UK”.
In today’s results statement, Totally’s CEO Wendy Lawrence, said: “It was a hugely significant fundraise for the Company and represented a defining moment in our expansion as we continue to build ourselves as a leading out of hospital healthcare services provider in the UK. The positive response we received from investors was incredibly encouraging as we act as a consolidator in the fragmented UK healthcare market and seek attractive opportunities.”
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