The company at a glance
Inspiration Healthcare PLC (LON:IHC) is a supplier of medical technology for critical care, operating theatres and home healthcare applications. Its product range includes respiratory management, thermoregulation and patient warming for newborns and adults in intensive care and the operating theatre.
It also supplies equipment used in specialised surgical procedures and infusion therapies.
Acquisitions have been driving the business including most importantly S.L.E in June which almost doubled its size and took the business into neonatal and other ventilators, which it has also been supplying to help with Covid-19 patients.
Last September, it paid £4mln for VIOMEDEX, which designs, manufactures and supplies single-use respiratory products and sterile medical consumables, principally for the respiratory care market. The business performed in line with financial expectations for the four months from acquisition, Inspiration said.
How it is doing
In January, Inspiration Healthcare Group PLC (LON:IHC) said both its revenues and profits will be ahead of forecasts, driven by last year’s acquisition of S.L.E Ltd, the designer and manufacturer of ventilators for neonatal intensive care.
The med-tech company said turnover for the year ending January 31, 2021, will be “not less than” £36.5mln, while underlying earnings (EBITDA) will be at least £4.9mln.
What the boss says: Neil Campbell, chief executive
“I am delighted to announce this increase in revenues and profits, which has been achieved in a very tough environment and so clearly demonstrates the quality of our products and services as well as the level of commitment that all our teams have dedicated to driving forward the growth of the company this year.