Medequip is planning to continue with its diversification programme as it heads into the New Year.
As the company enters 2020 and the new decade, James Ibbotson, CEO, told AMP how it is hoping to further build on what it has already established.
Touching on the integration of telecare, he wants more of the same and better for the company in the New Year.
Ibbotson explained: “2019 has been a year of investment for Medequip, focused on further developing our skills and facilities to enable the company to diversify into new areas. We have already made significant inroads into the provision of telecare and wheelchair services, with the platforms established and ready to continue this programme of diversification into 2020.”
On the imminent Brexit plan, he added: “The Brexit issue has continued to impact upon our investment plans. Faced with the possibility of a hard Brexit not once but twice during the year, Medequip was forced to invest in additional stock to ensure we could continue to provide vital equipment and materials to our vulnerable customers in the event of any delay to supplies coming into the UK.”
Looking ahead to what he believes the year will have in store, Ibbotson expects that despite government funding promises, it will be a long time until they see tangible results.
He said: “I predict that 2020 will be another tough year. Whilst we are seeing promises of increased funding for social care from all political parties, it will take time for any extra cash to filter down to the community equipment market and have a positive impact upon the availability of products and services.”
Concluding: “At Medequip, our direction is clear for 2020. We continue to build on our strong brand, and have a very healthy pipeline with the opportunity to tender for an increasing number of CES contracts.”
“We also have experienced and robust teams in place to build upon our investment in diversification. In a market where there is a growing trend for businesses being acquired by finance houses, Medequip remains a self-sufficient, family owned business with the necessary agility to respond quickly to market demands.”