Medical company set to exceed expectations after reverse takeover

MANAGEMENT at Inspiration Healthcare are expecting pre-tax profits to be ahead of expectations following a reverse takeover.

The company was acquired by Rotherham-based Inditherm in June 2015 in a £7.2m deal.

Now, following a “re-engineering” of the company, the business has been restructured, bringing two groups, critical care and operating room products under one umbrella.

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Inspiration said that it had experienced improved trading margins and deferred R&D spending was set to contribute to a good set of results.

The group said it was about to embark on a programme of product development later this year and into 2017.

Neil Campbell, chief executive officer, said: “We are pleased with the progress towards integrating the two businesses, which has created a more diverse platform for continued growth and delivered profits ahead of expectations.

“The new Inspiration Healthcare business is well placed to continue its progress based upon life-saving customer service and a highly experienced and focused management team.”

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