Inspiration Healthcare Group plc
(AIM: IHC) has announced it has received further orders for medical supplies and ventilation equipment from the UK National Health Service (NHS) to assist in the fight against Covid-19 (Coronavirus).
This follow-on order from the NHS follows the largest order the Company has received for ventilators for £1.25m announced earlier in the week, are worth over £4m in aggregate. The Company is working with various global suppliers expediate delivery as soon possible.
Consensus revenue forecast for Inspiration is currently £20.4m for FY21e before the announcements of these NHS orders. Clearly the risk is now on the upside for consensus estimates. Inspiration is currently valued on a FY1 1.3x and 9.7x EV/Sales and EV/Ebitda multiples respectively.
Neil Campbell, Inspiration Healthcare's CEO commented, "I'm delighted that Inspiration Healthcare has been able to benefit from our commercial relationships with critical care equipment manufacturers and source such large quantities of this very specialist equipment, working closely with the DHSC to find solutions during this difficult time. Inspiration Healthcare's senior directors as well as our teams working all over the UK have played a key role in securing these supplies, which in total are considerably larger than we have ever received in the past. In this fast-changing situation we remain subject to a large number of factors which are outside of our control but confident that we will continue to provide solutions going forwards."