£1.25 million NHS Order

RNS Number : 1864G

Inspiration Healthcare Group PLC

16 March 2020

 

Inspiration Healthcare Group plc

("Inspiration Healthcare", the "Company" or the "Group")

£1.25 million NHS Order

Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company, is pleased to announce that it has received an order from the UK National Health Service for the immediate supply of ventilators totalling £1.25 million. This is the single largest order Inspiration Healthcare has ever received and is directly in response to the preparations being made by the Dept of Health and Social Care to deal with the Covid-19 (Coronavirus) situation in the UK.

The order will be satisfied in the coming weeks and is for ventilators which are typically for use on adults in transport.

Neil Campbell, Inspiration Healthcare's CEO commented, "We are very pleased to have received this large order which is by far the largest single order we have ever had.  Equally, we are pleased to have been able to be engaged with the DHSC regarding the UK's preparedness planning against Covid-19. However, we are only too aware of the fast changing nature of governmental controls being put in place around the world in response to the spread of the virus and whilst we are working with our US supplier to achieve delivery as soon as possible we recognise that this may be subject to a number of factors which are outside of our control. Given this, and that we are at an early stage in the financial year, we remain cautious of how these factors may affect the markets in which we operate.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Inspiration Healthcare Group plc Neil Campbell, Chief Executive Officer Mike Briant, Chief Financial Officer	Tel: [phone]
Nominated Adviser & Broker Cenkos Securities plc Mark Connelly Stephen Keys Cameron MacRitchie	Tel: [phone]
Cadogan PR  Alex Walters [e-mail]	Tel: [phone]

About Inspiration Healthcare

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.

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 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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