Inspiration Healthcare reaches £7m worth of NHS ventilator deliveries

16 September 2020

(Sharecast News) - Medical technology company Inspiration Healthcare updated the market on the status of ventilator deliveries to the UK National Health Service (NHS) on Wednesday, saying that in recent weeks, further deliveries were made with a value of £2m.
The AIM-traded firm said that took the total value of all orders delivered to around £5m.

It said that figure did not include the value of a ventilator support contract order awarded to Inspiration on 1 May, or other smaller ancillary orders which had also been received since mid-March.

Inspiration said no further ventilators for Covid-19 deliveries to the NHS were now expected under the previously announced orders.

In addition, it said its recently-acquired subsidiary SLE had completed orders of ventilators for Covid-19 for the NHS worth a total of £2.1m.

As a result, the group had now delivered a total of about £7m worth of ventilators to the NHS, directly in response to Covid-19.

"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," said chief executive officer Neil Campbell.

"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."

At 0933 BST, shares in Inspiration Healthcare Group were up 1.3% at 65.34p.