Totally shares surged on Thursday after the company announced two significant contract renewals for urgent care services valued at approximately £30 million.
Shares in the provider of frontline healthcare services were 9% higher at the time of writing.
The company has been awarded a five-year contract for General Practice out-of-Hours services in the North East of England following a formal retender process.
Totally has been delivering these services in the region for over two decades. Commencing on 1 June 2025, the contract is worth about £4 million per annum and includes an option to extend for a further 20 months, bringing the potential total value to approximately £26 million.
Additionally, Totally has secured a two-year contract to provide 111 and 999 support services for an Ambulance Trust in the North. The company has been delivering CAS/111 services to the Trust for roughly four years and recently completed an extended pilot testing a model for supporting 999 services through CAS intervention on category 3, 4 and 5 calls.
Starting from 1 April 2025, this contract is valued at approximately £1.5 million annually, with an option for a one-year extension, potentially totalling around £4 million.
“These contract wins evidence the value which Totally can bring to both NHS and Ambulance trusts,” said Prasad Godbole, Interim Chief Executive Officer for Totally.
“Both have been awarded under competitive tender, by trusts where we have been delivering services for a number of years, acknowledging the strength of the services we deliver and our competitiveness within the market.”