Inditherm Plc., a provider of innovative specialized heating solutions, Tuesday announced the proposed acquisition of the entire issued share capital of Inspiration Healthcare Limited, a privately owned global medical device distribution company. The acquisition is by way of a reverse takeover.
Inspiration was founded in Leicestershire in 2003 as a medical device distribution company focused on innovative products for critical care.
The company now provides products for critical care, specialized surgical procedures and parenteral feeding through distribution agreements typically covering the UK and the Republic of Ireland.
In the year ended January 31, Inspiration recorded revenue of 9.5 million pounds, up from the prior year's 8.8 million pounds, and unaudited adjusted EBITDA before exceptional items and research and development costs of 1.0 million pounds, compared to 0.6 million pounds in the previous fiscal.
