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Healthcare group Totally in bullish mood after strong second quarter

The healthcare group believes it is well placed to take a significant share of the outsourced integrated urgent care market and other community-based healthcare services

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Totally said that extensive changes continue to be made to the delivery of back office functions across all of its subsidiaries

Totally Plc (LON:TLY) said it had secured £10mln worth of new and re-secured contracts in during its second quarter and that its pipeline of opportunities continued to grow.

The hospital healthcare services provider said on Wednesday that it was trading in line with market expectations and that cash generation continued to be strong with £9mln of cash in the bank.

READ: Totally shares tick upwards as subsidiary secures £1.7mln in new and extended contracts

The AIM-listed group said it had made significant changes to its internal processes and procedures, the successes of which had been demonstrated by continued improvement in its ratings following Care Quality Commission inspections.

The company added that extensive changes continue to be made to the delivery of back-office functions across all of its subsidiaries, which had helped reduced costs.

“Whilst there is more work to be done across the group, this is happening at pace and the directors believe Totally remains well placed to take a significant market share of the outsourced integrated urgent care market and other community-based health care services,” CEO Wendy Lawrence said in a statement.

Shares in Totally were 0.8% up at 18.45p in early trade.

Quick facts: Totally PLC

Price: 13.25 GBX

AIM:TLY
Market: AIM
Market Cap: £24.14 m
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