25th Jun 2021 11:34
(Alliance News) - Inspiration Healthcare Group PLC on Friday said it has started the financial year with a "more than pleasing" performance and strong order book.
Inspiration Healthcare shares were trading up 5.2% at 136.77 pence each in London on Friday morning.
The Leicestershire, England-based company supplies medical equipment for neonatal and adult intensive care, operating theatres, and home healthcare.
The company noted "high" levels of interest in its products at the start of the new financial year, as it undertakes a clinical trial and integrates a recent acquisition.
On Tuesday, the company said it had recruited its first patient for Project Wave, a newly developed respiratory device for use in neonatal intensive care. The project marks the company's first clinical trial of a non-CE marked product.
In addition, the company said it has made "positive progress" integrating ventilator manufacturer SLE Ltd. Inspiration Healthcare bought SLE last May in an GBP18.0 million cash and shares deal.
Speaking at the company's general annual meeting on Friday, Chair Mark Abrahams said: "The planned investment in the business is gaining momentum and it is exciting to see the concepts for the new factory layouts and offices taking shape where we will soon be able to showcase great British technology and where we can continue to work towards achieving our strategic goals with enthusiasm and developing the business further."
By Scarlett Butler; [email protected]
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