Inspiration Healthcare (GB:IHC) has released an update.
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Inspiration Healthcare Group PLC reported a reduction in annual revenue from £41.2m to £37.6m and a decrease in adjusted EBITDA from £4.0m to £2.0m for the fiscal year 2024, amidst challenging market conditions and increased competition. Despite these setbacks, the company remains optimistic about its growth prospects in North America following its acquisition of Airon Corporation and has raised equity to strengthen its balance sheet and support working capital. Operational highlights include the launches of new neonatal ventilation products and the planned rationalization of the Group’s operating sites to achieve cost savings.
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