Neonatal ventilation product provider SLE has been bought by Inspiration Healthcare, enabling the latter to increase manufacturing capacity and global distribution reach to the Middle East and the Acia/Pacific region. The purchase also increases the buyer’s revenue to £34 million.
SLE MD, Bernard Nelligan, said: “Improving the wellbeing of the tiniest of patients has been close to our hearts for the last 60 years and I have no doubt that under the ownership of Inspiration Healthcare that this will continue. Inspiration Healthcare is a fantastic business run by experienced experts in the neonatal field. This acquisition brings many future opportunities and enables the organisation to continue to innovate and develop life-saving products. With our key management team staying with the business long term, I am certain that we are in very safe hands and will go on to achieve great things.”
“This acquisition brings many future opportunities and enables the organisation to continue to innovate and develop life-saving products“
Inspiration Healthcare CEO, Neil Campbell, said: “We are delighted to have received such strong support for the Fundraising to drive our growth strategy and the acquisition of SLE Limited, a leading designer and manufacturer of ventilators and capital equipment used in neonatal intensive care. Bringing the two companies together will significantly enhance our position as a leader in the global neonatal intensive care sector and deliver a number of benefits that include broadening the Group’s product portfolio, an enlarged global distribution network, added manufacturing facilities and significantly increasing revenues and earnings.”