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Optima Health Launches £35m Underwritten Open Offer to Fund PAM Deal and Boost Growth

Story Highlights
  • Optima Health is raising about £35m via an underwritten open offer, mainly to repay a bridge loan used for its PAM Healthcare acquisition.
  • The fully underwritten offer and PAM integration support Optima’s EBITDA targets and strengthen its scale in the UK corporate health market.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Optima Health Launches £35m Underwritten Open Offer to Fund PAM Deal and Boost Growth

Meet Samuel – Your Personal Investing Prophet

Optima Health PLC ( (GB:OPT) ) has issued an update.

Optima Health plc has launched an underwritten open offer to raise approximately £35m through the issue of up to 19,999,149 new shares at 175 pence, mainly to repay a £30m bridge facility used to fund its recent acquisition of PAM Healthcare. The offer, open to qualifying shareholders on a pro rata basis with an excess application facility, is priced at a modest discount to the market and is conditional only on admission of the new shares to AIM.

The fundraising is fully underwritten by Deacon Street Partners, linked to major shareholder Lord Ashcroft, with a Takeover Panel waiver in place to avoid a mandatory bid if its concert party’s stake rises above 30 per cent. Directors expect FY26 adjusted EBITDA to be at least in line with consensus and see the PAM acquisition and planned cost efficiencies as key levers to reach medium‑term targets of £200m revenue and £40m adjusted EBITDA, strengthening Optima’s scale and positioning in the corporate health market.

The most recent analyst rating on (GB:OPT) stock is a Hold with a £183.00 price target. To see the full list of analyst forecasts on Optima Health PLC stock, see the GB:OPT Stock Forecast page.

Spark’s Take on OPT Stock

According to Spark, TipRanks’ AI Analyst, OPT is a Neutral.

The score is held back primarily by weakened cash generation (negative free cash flow in 2025) and a high valuation (P/E ~50) despite only thin margins. Financial performance shows improvement with a return to profitability and modest leverage, but volatility reduces confidence. Technical signals are mixed with neutral momentum and the price below longer-term averages.

To see Spark’s full report on OPT stock, click here.

More about Optima Health PLC

Optima Health plc is the UK’s leading provider of technology-enabled occupational health and wellbeing services, supplying tailored clinical and digital solutions to corporate clients of all sizes. The group focuses on improving workplace health, supporting employers with scalable programmes that drive employee wellbeing and high organisational performance across a growing domestic market.

Average Trading Volume: 127,864

Technical Sentiment Signal: Sell

Current Market Cap: £159.8M

For detailed information about OPT stock, go to TipRanks’ Stock Analysis page.

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