With products that support new-borns, to respiratory products that support adults in intensive care, Inspiration Healthcare’s solutions are used and distributed to more than 50 countries. Recently, the firm received £5 million of adult ventilator orders from the NHS and a US Patent for a product that could help more than one million babies every year.
Neil Campbell, chief executive at Inspiration Healthcare, said: “We are delighted to have received such strong support for the Fundraising to drive our growth strategy and the acquisition of SLE Limited, a leading designer and manufacturer of ventilators and capital equipment used in neonatal intensive care. Bringing the two companies together will significantly enhance our position as a leader in the global neonatal intensive care sector and deliver a number of benefits that include broadening the Group’s product portfolio, an enlarged global distribution network, added manufacturing facilities and significantly increasing revenues and earnings.”
The company is targeting £100 million revenue through organic growth and acquisitions. This deal doubles the number of staff overnight, increases Inspiration Healthcare’s revenue to £34 million, enables the firm to take on additional manufacturing capability, and increase its global distribution network to cover the Middle East and Asia/Pacific.
Inspiration Healthcare is a fantastic business run by experienced experts in the neonatal field. This acquisition brings many future opportunities and enables the organization to continue to innovate and develop life-saving products. With our key management team staying with the business long term, I am certain that we are in very safe hands and will go on to achieve great things.