Inspiration Healthcare Group PLC Ventilator deliveries total GBP7 million (0823Z)
16 Septiembre 2020 - 01:00AM
UK Regulatory
TIDMIHC
RNS Number : 0823Z
Inspiration Healthcare Group PLC
16 September 2020
Inspiration Healthcare Group plc
("Inspiration Healthcare", the "Company" or the "Group")
Ventilator deliveries total GBP7 million
Inspiration Healthcare Group plc (AIM: IHC), the global medical
technology company is pleased to provide a final update on the
status of ventilator deliveries to the UK National Health Service
("NHS") following the most recent announcement made on 20(th)
August 2020. In the past few weeks, further deliveries have been
made with a value of GBP2 million taking the total value of all
orders delivered to approximately GBP5 million. This does not
include the value of a ventilator support contract order awarded to
Inspiration Healthcare which was announced on the 1(st) May 2020
and other smaller ancillary orders which were also received in the
period since mid-March. No further ventilators for Covid-19
deliveries to the NHS are now expected under the orders previously
announced.
In addition, S.L.E. Ltd, a wholly owned subsidiary of
Inspiration Healthcare acquired in July 2020, recently completed
orders of ventilators for Covid-19 for the NHS worth a total value
of GBP2.1 million. As a result, the Group has now delivered a total
of approximately GBP7 million of ventilators to the NHS directly in
response to Covid-19.
Neil Campbell, Chief Executive Officer, commented , "We are
delighted to have been able to complete these final deliveries to
the NHS and have worked hard with all our partners in the UK and
internationally to achieve this. It clearly demonstrates the
strength and resources of our teams and their commitment to meet
the needs of our customers and patients. The additional revenues
from these orders positions the Company very well to achieve a
strong performance this financial year."
Enquiries:
Inspiration Healthcare Group plc Tel: 01455 840555
Neil Campbell, Chief Executive Officer
Jon Ballard, Chief Financial Officer
Nominated Adviser & Broker Tel: 0207 397 8900
Cenkos Securities plc
Mark Connelly
Stephen Keys
Cameron MacRitchie
Cadogan PR Tel: 07771 713608
Alex Walters
alex.walters@cadoganpr.com
About Inspiration Healthcare http://www.inspiration-healthcare.com
Inspiration Healthcare (AIM: IHC) is a global provider of
medical technology for use in critical care & operating
theatres. The Company provides high quality innovative products to
patients around the world which help to improve patient outcomes
and it actively invests in innovative product opportunities and
disruptive technologies.
Through investment in research and development the Company has 6
key own brand products that can be used within the first 6 hours of
life to help premature and sick babies; helping with assessment,
resuscitation, stabilisation as well as preventing brain damage.
Additionally the Company has its own range of products for
maintaining normothermia pre- during and post-surgery.
In September 2019, the Company acquired Vio Holdings a designer,
manufacturer and supplier of single use respiratory products and
sterile medical consumables for GBP4 million and in June 2020 the
Company acquired S.L.E., a leading global provider of neonatal
ventilation products for GBP18 million. Over 90 per cent. of
S.L.E.'s revenues are generated from sales outside of the UK with a
significant proportion of these in Asia Pacific and the Middle
East. When combined, the Group generates approximately 60 per cent.
of its revenue from exports.
With product availability extending to over 50 countries through
a distribution network, Inspiration Healthcare's success has been
built on continuous innovation, excellent customer service and an
inherent commitment to improving patient outcomes, working in close
collaboration with key opinion leaders across the globe.
In the UK and Ireland the Company has a direct sales team
selling Inspiration Healthcare Branded and complementary products
from third parties, with an additional range of home healthcare
products. This is supported by Technical Support for planned
preventative maintenance and emergency assistance.
Further information on Inspiration Healthcare can be seen at www.inspiration-healthcare.com
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