Business
Update on Ventilator Delivery to the NHS
Update on Ventilator Delivery to the NHS.
About this update from Inspiration Healthcare Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 6281W\n Inspiration Healthcare Group PLC\n 20 August 2020\n \n \n \n \n \n \n \n \n \n \n Inspiration Healthcare Group plc\n \n \n (\"Inspiration Healthcare\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Update on Ventilator Delivery to the NHS\n \n \n \n \n \n Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company\n is pleased to provide a further update on the status for the delivery of ventilators as the UK National Health Service demand for Covid ventilators likely diminishes, the Group continues to satisfy the orders received from the UK National Health Service \n announced \n on the 16th and 20thMarch 2020 with a value totalling approximately £5 million. In the last few days the Company delivered a further £1million of the orders, taking the total amount delivered under these contracts to £3 million. \n \n \n \n \n \n On the 11th August 2020, the Company gave an update on trading stating that underlying revenues (ie prior to any contribution from S.L.E. or Covid opportunities) for the Group in the first six months were running 30% ahead of last year, with a healthy order book in place. This strong performance continues and, in addition, the recently acquired S.L.E. has, in the last few days, also delivered over £0.5 million of ventilators to the NHS as part of a separate order they had received. The integration of S.L.E. into the Group is progressing according to plan and is providing the significant short and long term commercial synergies expected by management.\n \n \n \n \n \n Neil Campbell, Chief Executive Officer, commented, \"We have continued to work tirelessly \n with our partners to get the ventilators into the UK and delivered to the NHS. At the same time, I'm pleased to report that the Company is trading well across all its operations and we are working well with our colleagues at S.L.E. to integrate the two businesses and also at Viomedex, which means that we remain optimistic of our continued progress for this financial year and beyond.\"\n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n Inspiration Healthcare Group plc\n \n \n Neil Campbell, Chief Executive Officer\n \n \n Jon Ballard, Chief Financial Officer\n \n \n \n \n \n \n...