As far as I can see they have done none of these things and are only helping in providing manufacturing capability [1]. The ventilator they are helping to manufacture is an iteration on a previous design made by a medical specialist Penlon [2].
Not that there is anything bad with that strategy: experts in a given field are the experts so best to use the medical expertise of one company and the rapid batch production capabilities of companies like Formula 1 teams. Racing teams often have to turn components around for an update at the next grand prix e.g. 1 - 2 weeks. This means having processes and suppliers that can operate at that fast pace.
[1] https://www.inceptivemind.com/penlon-prima-eso2-newly-adapte... [2] https://www.penlon.com/