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Optima Health PLC on Monday released a trading update showing ‘growth year on year’, and believes it is ‘well positioned for growth’ in the full year. Shares in the occupational health services provider rose 3.8% to 204.98 pence on Monday in London. Optima said revenue came to approximately £59 million for the first half ended September 30, around 17% higher against £50.8 million the year before and in line with market guidance. The Sheffield, England-based company also reported new business annualised wins of £1.9 million for the period, down on-year from £3.6 million. However it also cited its ‘good pipeline of new potential opportunities’. Optima noted that it completed two strategic acquisitions during the period, of Cognate Health (now rebranded as Optima Health Ireland) and employee assistance programme provider Care first, ‘to further accelerate long-term growth and continue to increase its market share, and broaden its capabilities, both in scope and geography’. The firm also said it has started a programme to make sure its platform scales efficiently for further organic and inorganic growth. This will include clinical and operational technology investments to further improve and differentiate its solutions. The objective, Optima said, is to stimulate organic growth while reducing operating expenses and improving margins. ‘We have achieved solid progress in the first half of the year, in line with our strategy, delivering growth year on year,’ commented Chief Executive Officer Jonathan Thomas. ‘The two strategic acquisitions that we completed in the first half have strengthened our UK footprint and marked our entry into our first international territory, expanding both our reach and capability.’ He continued: ‘Looking ahead, we are confident that the quality of our solutions and platform, along with the targeted application of new technologies will enable us to capture further market share and reinforce our position as the UK’s leading occupational health and wellbeing partner. ‘Alongside this, we will maintain our disciplined approach of identifying and executing value enhancing M&A opportunities to accelerate growth. As mentioned at the full year results, the board continue to believe we are well positioned for growth in [the year ending March 31].’ Optima intends to report its half-year results in December. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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