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Optima Health to list on AIM in September after separation from Marlowe

Published 12/09/2024, 08:43
Updated 12/09/2024, 09:10
Optima Health to list on AIM in September after separation from Marlowe

Proactive Investors - Occupational health specialist Optima Health PLC will begin life as a stand-alone company on the AIM section of the London Stock Exchange later this month after being spun out of Marlowe PLC (LON:MRLM).

The Glasgow-based firm said it has no intention to raise new capital in connection with admission, which is scheduled for 26 September.

Working with both the public and private sectors, including the UK’s emergency services, civil service and NHS, the company reported revenue of £110.9 million and adjusted EBITDA of £18.0 million for the year to March 2024, down from £115.3 million and £21 million respectively the year before.

CEO Jonathan Thomas said Optima is "the UK leader in the management of workplace and employee health", with technology-enabled health and wellbeing solutions in the occupational health sector, ranging from statutory workplace medicals, workplace health advice and attendance management assessments, and rehabilitation programmes.

He said Optima is "well positioned to continue to take advantage of the large and growing occupational health market in the UK".

Panmure Liberum will act as its nominated adviser and corporate broker.

Read more on Proactive Investors UK

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