Totally Plc (LON:TLY) shares jumped in early deals on Monday after the firm kicked off its new fiscal year with some contract awards.
The group, which provides out-of-hospital healthcare services, said in a trading update for the year ended 31 March that in recent weeks its subsidiaries had been awarded around £7.7mln in contract extensions, new business and pilot schemes.
READ: Healthcare group Totally in bullish mood after strong second quarter
For the year just gone, Totally said trading had been in line with expectations and it had ended the year with around £7.5mln in cash.
Looking ahead, Totally said it was “well positioned” to take further market share within urgent care and other community-based healthcare services.
Wendy Lawrence, Totally’s chief executive, added that “significant progress” had been achieved with the group’s integration of urgent care services provider Vocare, which the group acquired for £11mln in October 2017.
Since the acquisition, Totally said Vocare’s services had seen “major improvements” with the Care Quality Commission rating 20 of its 22 services as ‘good’, its second-highest rating, in March 2019 compared to 10 the year before.
"We now look forward to the year ahead, where we intend to continue to deliver high-quality services, whilst seizing the opportunities that exist within the integrated urgent care sector, in line with the NHS' Long Term Plan published in January 2019", Lawrence added.
Shares were up 7.8% at 13.1p.