Inspiration Healthcare wins Egyptian order for neonatal ventilators
The order is expected to be satisfied within the next three to four months and so fall into the current financial year
Company
LON:IHC
Inspiration Healthcare Group PLC is a global provider of medical technology for use in neonatal intensive care and operating theatres. The company has key own brand products that can be used within the first days of life to help premature and sick babies; helping resuscitation and stabilisation in the first moments of life through to preventing brain damage and both invasive and non-invasive respiratory support in terms of capital equipment and disposable medical devices. Additionally, the company has its own range of products for maintaining normothermia pre, during and post-surgery.
89 stories · page 2 of 5
The order is expected to be satisfied within the next three to four months and so fall into the current financial year
Investors will be shown around the operations of the company's subsidiary SLE, which it bought last year
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
“We believe these results clearly demonstrate the group-level benefits from both recent acquisitions"
Revenues for the six months ended July 31 were £20.9mln, up 47%, while underlying earnings advanced 42% to £3.6mln
It said revenues for the six months to the end of July were 47% ahead of the same period last year
“All of these give us confidence for this financial year and beyond”
The technology is being used to treat a newborn at the Trevor Mann Baby Unit, Brighton & Sussex University Hospital
The order has been won by Inspiration's wholly owned subsidiary SLE Ltd
It is the third time that Inspiration Healthcare subsidiaries have been given the award
The medical technology firm noted “significant” one-time revenues of £7.3mln during its latest full-year relating to the UK's pandemic response, saying it had assisted the NHS by sourcing ventilators and providing technical advice and suppo
Inspiration Healthcare has also stepped up to help with the coronavirus pandemic
Its local distributor immediately placed an order worth £250,000
The medical technology company has signed a new three-year agreement to distribute infusion devices from Micrel SA in the UK and Ireland
The SLE6000 is produced by SLE Ltd, bought by Inspiration last July
The firm said last month that revenue and profits would be above expectations
The driver has been last year’s acquisition S.L.E Ltd, the designer and manufacturer of ventilators for neonatal intensive care
The protection covers Project WAVE, which uses a technology acquired under licence last year from an unnamed “major US west coast university”
The award is for the June acquisition of SLE Limited for £18mln
Initial trials for Project WAVE, a non-invasive device to support breathing in premature infants, are expected to begin in the next few months