Optima Health 'building momentum' as revenues lift 15 per cent
Health and wellbeing solutions firm Optima Health has said it is “building momentum” as the company saw its revenues lift around 15 per cent.
Optima said it expects to report revenue for the full year of approximately £121m for the year ending 31 March, in line with market expectations and representing 15 per cent growth from the previous year. .
The company, which holds an office in Sheffield, said it expected adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) to land around 10 per cent above previous market expectations.
It comes after the firm said it had completed the “transformational” £100m acquisition of PAM Healthcare Limited on 26 March.
The company said the move would “significantly” enhance the scale and capabilities of the group.
Speaking on the results, Jonathan Thomas, chief executive officer of Optima Health, said: "Optima's performance in FY26 demonstrates the momentum we are building as we deliver against our strategic objectives.
“Completing the acquisition of PAM during the year has expanded our capabilities and strengthened our ability to support customers across the UK and Ireland.
“As we look ahead, our priorities remain clear: maintaining high quality service delivery, progressing integration activities and our transformation programme, and advancing strategic initiatives to support the next phase of growth towards our stated ambition."
Optima said its net debt position at 31 March was £94.4m, comprising a cash balance of £21.6m and £116m of debt.
The firm added that net debt at the end of May had reduced following the repayment of a £30m shareholder bridging loan associated with its acquisition of PAM Healthcare.
In a statement on the acquisition, Optima said: “As one of the UK and Republic of Ireland's leading occupational health and wellness service providers, PAM is highly complementary and synergistic to Optima's existing operations.
“The integration of PAM is proceeding to plan and is expected to deliver significant revenue synergies, alongside operational and cost efficiencies.
“As of 1 June 2026 £1.3m of annualised cost synergies have already been delivered.”
Optima added that it had continued to make “strong progress” against its medium-term targets of achieving annual revenues of £200m and £40m of adjusted EBITDA.