Tunstall Healthcare Group (‘Tunstall’ or ‘the Group’), the market leading provider of technology enabled care services, today hosts an annual meeting of its lending syndicate to present its financial results for the year ended 30th September 2015 and to provide an update on the Group’s operational and strategic progress in the financial year and business plan for the next five years.
Underpinned by strong growth in the UK and Southern Europe Tunstall will report a strong underlying profit performance for the year with EBITDA of £44.3m, an increase of 10.3% on a constant currency basis. The Group’s revenues for the period were £212m, an increase of 3.5% at constant currency.
During the year Tunstall launched its Connected Healthcare 2020 strategy which aims to deliver a sustained improvement in the Group’s financial performance and increased profitability over the next five years. This strategy will capitalise on the market’s shift towards digital and IP infrastructure by providing increasingly technology-enabled care offerings. Supported by the structural dynamic of ageing populations and growing pressures on health and social care systems, Tunstall will deploy its technology-enabled solutions to lead new models of health and social care.
Paul Stobart, Tunstall’s Chief Executive Officer, said:
Tunstall delivered a good performance in 2015 and strategically it has been a transformational year for the business. The Group has strong foundations: scale, track record, customer insight and market leading positions across 14 countries. This year we developed a strategy to adapt these strengths for an increasingly connected world. Tunstall today is beginning to lead new and important models of health and social care that will transform the lives of many and deliver strong growth for the business over the next five years and beyond.
A presentation to the lending syndicate will take place today. The Group’s annual report and audited accounts for the year ended 30th September 2015 will be filed at Companies House in December 2015.