Shares

Totally Shares Fall After North West London Contracts Termination

By Michael Susin

Totally PLC shares fell on Tuesday after the company said that its wholly-owned subsidiary Greenbrook Healthcare Limited will hand back services relating to four contracts for the provision of urgent treatment centers in North West London.

Shares at 1439 GMT were down 3.0 pence, or 8.9%, at 30.75 pence.

The statement comes as an answer to a report from the Health Service Journal saying that North West London integrated care systems has terminated four contracts to run urgent treatment centers after performance concerns.

The provider of healthcare services in the U.K. and Ireland said in a statement that it is focusing on ensuring that patient services are not disrupted and that no patient is put at risk.

“Greenbrook has provided urgent care services in North West London for a number of years, having run some of its urgent treatment centers since 2016. Services were inspected by the Care Quality Commission in August 2022 and rated as good overall,” it said.

The affected contracts are related to services at Northwick Park Hospital, Central Middlesex Hospital, Ealing Hospital and Hillingdon Hospital, with completion date on Jan. 31.

Write to Michael Susin at michael.susin@wsj.com

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.