StockMarketWire.com - Totally, which provides services to the UK healthcare sector, said its cash balance will be significantly ahead of market expectations at 31 December 2017.

Market forecasts had anticipated cash balances to be £4.1 million, but this number has been revised upwards to £8 million.

Totally said this followed a significant focus by management on cash collection.

Trading is in line with expectations.

Totally's Premier, About Health and Optimum Physiotherapy subsidiaries, which were integrated into the company during the first half of 2017, are all trading profitably after tax despite significant overheads being put in place to manage the expanding group. The Vocare business, which operates in the integrated urgent care sector working directly with the NHS and which was formally acquired by the Company on 24 October 2017, is trading in line with Directors' expectations.

The company said it is well positioned to take a significant market share of the outsourced integrated urgent care sector. The NHS announced in August 2017 that contracts will only be awarded to those providers who are able to supply the total integrated service of the NHS 111 non-emergency service, GP out of hours and Urgent Care Centres.




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