UDG Healthcare

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UDG Healthcare plc
Public
Traded as LSEUDG
Industry Pharmaceutical
Founded 1948 (1948)
Headquarters Dublin, Ireland
Key people
Peter Gray, Chairman
Liam FitzGerald, CEO
Revenue 919.3 million (2015)[1]
82.2 million (2015)[1]
54.9 million (2015)[1]
Website www.udghealthcare.com

UDG Healthcare plc, formerly United Drug, is a Dublin-based provider of sales and marketing services, drug wholesaling, medical equipment, packaging and specialist healthcare delivery services. It is listed on the London Stock Exchange. It is a constituent of the FTSE 250 Index.

History

The company was established in Ballina in County Mayo as The United Drug Chemical Company, a co-operative controlled by Irish pharmacists, in 1948.[2] UDG bought Leicestershire-based Ashfield commercial and medical services for £12 million in 2000: Ashfield, a contract sales outsourcing firm serving pharmaceutical companies, had 400 employees at the time it was acquired.[3]

In January 2007, the company acquired Presearch, a UK laboratory services company, for GBP £2.9 million.[4]

It acquired Pharmexx, a Frankfurt-based business, in July 2012.[5] In September 2012 it decided to move its primary listing from Irish Stock Exchange to the London Stock Exchange.[6] It changed its name from United Drug to UDG Healthcare in October 2013.[7]

In February 2014, the company made its largest acquisition when it bought KnowledgePoint360 which specializes in healthcare communications for €105 million and made it part of its Ashfield division.[8][9]

Operations

The company provides sales and marketing services, drug wholesaling, medical equipment, packaging and specialist healthcare delivery services.

References

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  2. Lua error in package.lua at line 80: module 'strict' not found.
  3. Irish buyer for Ashfield, This is Money (Daily Mail), May 7, 2000.
  4. Lua error in package.lua at line 80: module 'strict' not found.
  5. United Drug snaps up Pharmexx Irish Times, 26 July 2012
  6. United Drug set to shift to LSE FT, 5 September 2012
  7. United Drug: Yes to name change Irish Examiner, 10 August 2013
  8. UPDATE 2-UDG raises earnings growth forecast, sees deal paying off Reuters. 14 May 2014.
  9. UDG Healthcare invests €105m to expand communications unit The Irish Times, 27 February 2014

External links


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