Medical technology company Inspiration Healthcare Group plc (AIM: IHC) announced on Wednesday that its US subsidiary, Airon Corporation, has entered into a new three-year purchasing agreement with a large US healthcare provider, marking a key milestone in Airon's expansion in the United States.

This agreement includes an initial order for 150 Model A and Neo ventilators and accessories, significantly expanding Airon's installed base in the US market.

The contract establishes a long-term, high-quality revenue stream and supports Inspiration Healthcare Group plc's strategy to double Airon revenue within five years. In addition to initial capital equipment sales, the agreement is expected to generate recurring consumables and service revenues, materially increasing the lifetime value of the partnership.