leadf
logo-loader
viewInspiration Healthcare

Inspiration Healthcare delivers total of approximately £7mln of ventilators to NHS directly in response to the coronavirus pandemic

The company said that in the past few weeks, further deliveries have been made with a value of £2mln taking the total value of all orders delivered by it to approximately £5mln

Inspiration Healthcare -
In addition, S.L.E. Ltd, a wholly-owned subsidiary of the group acquired in July 2020, recently completed orders of ventilators for the NHS worth a total value of £2.1mln

Inspiration Healthcare Group PLC (LON:IHC) has provided a final update on the status of ventilator deliveries to the UK National Health Service (NHS), saying in total it has delivered a total of approximately £7mln of ventilators directly in response to the coronavirus (COVID-19) pandemic.

The global medical technology company said that in the past few weeks, further deliveries have been made with a value of £2mln taking the total value of all orders delivered by Inspiration Healthcare to approximately £5mln.

READ: Inspiration Healthcare Group optimistic on the prospects for “this financial year and beyond” as it updates on NHS ventilators order

The group noted that this total does not include the value of a ventilator support contract order announced on May 1, 2020, and other smaller ancillary orders which were also received in the period since mid-March. It added that no further ventilators for COVID-19 deliveries to the NHS are now expected under the orders previously announced.

In addition, the company said that S.L.E. Ltd, a wholly-owned subsidiary acquired in July 2020, recently completed orders of ventilators for COVID-19 for the NHS worth a total value of £2.1mln.

In a statement, Neil Campbell, Inspiration Healthcare's 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."   

Quick facts: Inspiration Healthcare

Price: 63 GBX

AIM:IHC
Market: AIM
Market Cap: £42.82 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Inspiration Healthcare named herein, including the promotion by the Company of Inspiration Healthcare in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Inspiration Healthcare CEO pleased with 30% growth in first half revenues

Inspiration Healthcare Group PLC's (LON:IHC) Neil Campbell tells Proactive he's confident they'll achieve market expectations for the full year after a strong first half. Underlying revenues in the six months to the end of July, 2020, were up by around 30% on the corresponding period of last...

on 12/8/20

2 min read