Inspiration Healthcare Group

IHC · AIM · Health Care · mcap £17m · 18.5p

Inspiration Healthcare designs and distributes medical devices for neonatal and respiratory care, including its own SLE ventilators, plus third-party products. It sells mainly to health services in the UK and export markets.

Recent signals

Positive 13 Oct 2026

Redworth Portfolio stake rose from 15% to 25.03%

Sustained stake building through 2026; Charter Kontron Limited also shown at 25.03% on 13 Oct 2026. 13 Oct 2026 16 Mar 2026 26 Jan 2026

Positive 8 Sep 2026

Net debt cut 39% to £5.1m with inventory down 33%

Operating cash inflow of £7.5m, adjusted EBITDA £2.8m; guidance for FY27 slightly ahead of expectations. 8 Sep 2026 16 Jun 2026

Mixed 16 Jun 2026

Infusion distribution transferred to Micrel; focus on neonatal

Removes about £9.7m of lower-margin revenue (about 25% contribution margin) but is expected to cut net debt about 20% in FY27. 16 Jun 2026 2 Jun 2026

Negative 16 Jun 2026

FDA filing for US entry slipped from 2026 to late 2027

The H1 FY26 report said FDA submission in 2026 and launch in H1 2027; the final results say late 2027. 16 Jun 2026 7 Oct 2025

Capital actions

2026-06-02 disposal – Transfer of Micrel infusion distribution to Micrel, effective end FY27, with inventory buyback; net debt expected down about 20% 2 Jun 2026
2024-11-04 debt refinancing · £7.8m – Covenant waiver and covenants reset lower to January 2026; RCF £7.8m and invoice finance £5.0m 4 Nov 2024
2024-06-26 placing · £3.0m – Placing, subscription and retail offer at 14p per share, 42.9% discount to prior close 28 Jun 2024
2024-01-04 acquisition · $2.5m – Acquired Airon Corporation for up to $2.5m: $1.5m upfront, earn-out up to $1.0m 4 Jan 2024

From the company's own announcements · not investment advice

Company filings. Not investment advice.