Optima Health plc

Optima Health plc provides occupational health and wellbeing services to public and private sector clients in the United Kingdom and the Republic of Ireland. Its offerings include strategy and advisory, risk and compliance (such as health surveillance, pre-placement, fitness for work, immunizations, and pensions), performance and attendance management, engagement and wellbeing via digital platforms and onsite activities, mental health, and musculoskeletal health services. The company serves the energy and utilities, construction, manufacturing, rail, transport, and financial sectors, as well as NHS, central, and local governments. Founded in 1947, it is based in Sheffield, United Kingdom.

OPT.LSE▲

Cavendish lifts Optima Health target as annual profit beats forecasts

Cavendish raised its price target on Optima Health PLC after full-year profit beat forecasts. The occupational health provider reported adjusted EBITDA of £20.1 million for the year to March, about 12% above Cavendish's estimate and 10% ahead of market expectations. Cavendish lifted its target to 302p from 271p, reiterating a buy rating. The result included £4.7 million from a DWP procurement dispute settlement, but underlying margins improved to 15.4% in the second half from 10.1% in the first. Optima completed its £100 million acquisition of PAM Healthcare in March, and management reiterated medium-term goals of £200 million revenue and £40 million adjusted earnings.

OPT.LSE ▲

Proactive·32dRead more →