Inspiration Healthcare is a global supplier of medical technology for critical care, operating theatre and home healthcare applications. Acquisition of SLE will broaden the Group's product portfolio in neonatal intensive care, with the addition of neonatal ventilators, accessories and additional distributed products and enable significant cross-selling opportunities within the Enlarged Group.
“We were very pleased that we appointed BDO LLP to conduct the financial and tax due diligence for our £18m acquisition of family owned S.L.E. Limited. BDO also provided valuable assistance in drafting the completion accounts section of the sale and purchase agreement. The diligence exercise was extended due to Covid-19 and BDO adopted both a patient approach, sensitive to the pressures faced by the sellers, and the persistence that was needed to get a quality report produced, not just for us but also our Nomad and our lender . BDO’s deep drill down into the core data provided us with much meaningful analysis and the confidence for all parties in the target business’s underlying financial and tax position."
Mike Briant, Chief Financial Officer