UK's Totally appoints administrators, no returns expected for shareholders
June 9 (Reuters) - Healthcare Services provider Totally (TLY.L), opens new tab on Monday appointed Tim Vance and Sam Woodward as Joint Administrators of the Company and reaffirmed that its strategic review is not expected to result in any returns to shareholders.
The company, which provided urgent care services including NHS 111 - the non-emergency medical helpline in the UK - suspended its shares on Friday. They remain halted.
Totally warned in May it was reviewing a medical negligence claim from 2018 and that potential liability could exceed its 10 million pounds($13.56 million) insurance cover.
The company on Monday completed the disposal of its Elective Care and Corporate Wellbeing units, and the business and assets of the Urgent Care division to healthcare firm PHL Group.
($1 = 0.7375 pounds)
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