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Occupational health specialist Optima Health PLC is set to debut as a stand-alone company on the AIM section of the London Stock Exchange later this month, following its spin-off from Marlow PLC. The Sheffield-based company has stated it does not plan to raise new capital in connection with the admission, which is scheduled for 26 September.
Optima Health works across both the public and private sectors, providing services to organizations such as the UK’s emergency services, the civil service, and the NHS. For the year ending in March 2024, the company reported revenue of £110.9 million, a slight decline from the £115.3 million generated in the previous year. Adjusted EBITDA also fell to £18.0 million, down from £21 million the year before.
CEO Jonathan Thomas highlighted Optima's leadership position in the UK occupational health sector, offering a range of technology-enabled health and wellbeing solutions. These services include statutory workplace medicals, health advice, attendance management assessments, and rehabilitation programs, all aimed at supporting employee health in the workplace.
Thomas expressed confidence in the company's future, noting that Optima is "well positioned" to capitalize on the expanding occupational health market in the UK. With growing awareness of workplace health and the increasing importance of employee wellbeing, the demand for such services continues to rise. He emphasized that Optima’s solutions play a crucial role in helping businesses manage employee health and maintain workforce productivity.
Optima’s decision to spin out from Marlow PLC and operate independently reflects its strong market position and the growing need for occupational health services. As workplace wellbeing becomes an integral part of corporate responsibility and employee management, Optima’s comprehensive range of services positions it to continue growing within this sector.
Panmure Liberum will serve as Optima Health's nominated adviser and corporate broker for its listing on AIM. The firm’s decision to list independently signals its confidence in its business model and growth prospects within the expanding UK occupational health market. By leveraging its extensive experience and expertise in employee health management, Optima aims to strengthen its role as a leading provider of workplace health solutions in the UK.
With the upcoming listing, the company is poised to continue its growth trajectory, focusing on expanding its market reach and delivering innovative health solutions to its diverse client base.
