Aspiring leading ‘out-of-hospital’ healthcare service provider, Totally plc (LON:TLY) announced that their subsidiary, Vocare had won a contract worth £13.5 million, awarded by the NHS Newcastle & Gateshead Clinical Commissioning Group.
The firm stated that the contract detailed provision of Urgent Treatment Centre and GP Visiting Services for the next five years, with an optional extension of a further two years.
The announcement represents another move by NHS management to outsource healthcare to private entities, with this trend occurring not only with agency personnel but also private operation of healthcare facilities.
The company’s recent investor statement relayed,
“Newcastle & Gateshead CCG has awarded the Contract to the Alliance, of which Vocare is a member, to supply a number of urgent care services. Under the Contract, c.£1.94m per annum will be attributed to Vocare to supply its Services. The Contract will run for five years, with an option to extend for a further two years at the Contract’s conclusion.”
Totally CEO, Wendy Lawrence, added, “We are delighted to announce this new contract win and are pleased that the CCG has chosen the Alliance to deliver the new Urgent Treatment Centre for its population to ensure patients get the care they need, and to relieve pressure on A&E departments. Vocare is recognised as a high quality national urgent care delivery partner and is proud to be partnering with NHS providers to deliver improved, integrated services that support the delivery of the NHS 10 Year Long Term Plan.”
Totally as portfolio candidate
The company’s share price currently stands at 12p per share, a rally of 3.00% and up by 0.35p since markets opened this morning 23/04/19 14:05 GMT.