Update on Ventilator Delivery

RNS Number : 8900P

Inspiration Healthcare Group PLC

15 June 2020

 

Inspiration Healthcare Group plc

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

Update on Ventilator Delivery

Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company today provides a further update on the delivery of ventilators against announcements made on 16^th and 20^th March 2020.

The Company is pleased to announce that it has shipped another consignment of ventilators to the NHS against the previously announced orders, now having delivered two consignments. There have been  uncertainties over the timing of the supply of these ventilators which were being sourced from outside the UK and therefore subject to a number of issues outside of the Company's control including the imposition of temporary export restrictions and the availability of components. 

The Company has been working hard with its suppliers to ensure delivery and expects further consignments over the forthcoming weeks. 

Neil Campbell, Chief Executive Officer of Inspiration Healthcare commented: "Even before the winning of the NHS contract in March, the Company has enjoyed strong growth in the underlying business and now with a much greater degree of certainty in fulfilling these NHS contracts we anticipate that the effect of Covid-19 will have a positive impact on our outlook.  Our logistics team are working tirelessly with our suppliers and we will make further announcements when we have additional deliveries."

Enquiries:

Inspiration Healthcare Group plc Neil Campbell, Chief Executive Officer Mike Briant, Chief Financial Officer Jon Ballard, Group Financial Controller	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   http://www.inspiration-healthcare.com

Inspiration Healthcare 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

 

END

 

 

NRAKZGMVGDVGGZZ