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Armstrong Medical's sales show healthy rise during Covid pandemic

Respiratory equipment firm Armstrong Medical has revealed its sales grew by 33% during the pandemic, with profits up 39% to over £9m. The figures, disclosed in the Coleraine-based companys most recent financial results which cover the year up until May 2020, also show pre-tax profits rose 89% compared to the previous period. For the year, Armstrong Medical generated £18.7m in turnover, up from 2019s £14m. The companys profits sat at £3.6m, an increase on the previous years £1.9m. Armstrong...
United Kingdom Northern Ireland Jeremy Eakin John Armstrong Tom Eakin Eakin Group

Eakin Healthcare Group buys Coleraine company

Storm Rannard Northern Ireland-headquartered Eakin Healthcare Group has expanded into a new market with the acquisition of Coleraine-based Armstrong Medical. Armstrong specialises in respiratory care products. The deal represents a diversification for Eakin Healthcare Group, which to date has specialised in ostomy and wound care products.   The combined resources of the two manufacturing businesses will help the group to grow its domestic and international presence.  Jeremy Eakin, managing ...
Northern Ireland United Kingdom Jeremy Eakin Carson Mcdowell Northern Eakin Healthcare Group Eakin Healthcare Group

Armstrong Medical acquired by Eakin in significant expansion of Co Down healthcare group

Armstrong Medical acquired by Eakin in significant expansion of Co Down healthcare group Jeremy Eakin, managing director of the Eakin Healthcare Group with John Armstrong, chairman of Armstrong Medical. Ryan McAleer 19 December, 2020 01:00 ONE of the north’s most profitable healthcare companies TG Eakin has acquired Coleraine device manufacturer Armstrong Medical. The north Down family firm, which recently rebranded as the Eakin Healthcare Group,...
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Eakin Healthcare: Comber firm buys Armstrong Medical

BBC News By John Campbell Published Eakin Healthcare, the Comber-based medical devices manufacturer, has bought another firm, Armstrong Medical. The deal will allow Eakin to diversify its product ranges in what the firm said is a "strategic acquisition". Eakin specialises in wound care while Coleraine-based Armstrong makes respiratory products. The price paid has not been disclosed. Last year the main company in the Eakin group, TG Eakin, showed a pre-tax profit of £16m on turnover of £34m. A...
Northern Ireland United Kingdom John Campbell Jeremy Eakin John Armstrong Eakin Group
Source: bbc.co.uk

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