UDG Healthcare

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UDG Healthcare plc
Public
Traded as LSEUDG
Industry Pharmaceutical
Founded 1948 (1948)
Key people
Peter Gray, Chairman
Liam FitzGerald, CEO
Revenue 2,126.9 million (2014)[1]
86.9 million (2014)[1]
110.4 million (2014)[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[edit]

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 Healthcare for £12 million in 2000. Ashfield, a contract sales outsourcing firm serving pharmaceutical companies, had 400 employees at the time it was acquired.[3] It acquired Pharmexx, a Frankfurt-based business, in July 2012.[4] In September 2012 it decided to move its primary listing from Irish Stock Exchange to the London Stock Exchange.[5] It changed its name from United Drug to UDG Healthcare in October 2013.[6]

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.[7][8]

Operations[edit]

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

References[edit]

  1. ^ a b c "Annual Report 2014". UDG Healthcare. Retrieved 3 April 2015. 
  2. ^ "B2B Database with Highly Accurate & Detailed Profiles - ZoomInfo". zoominfo.com. Retrieved 3 April 2015. 
  3. ^ Irish buyer for Ashfield, This is Money (Daily Mail), May 7, 2000.
  4. ^ United Drug snaps up Pharmexx Irish Times, 26 July 2012
  5. ^ United Drug set to shift to LSE FT, 5 September 2012
  6. ^ United Drug: Yes to name change Irish Examiner, 10 August 2013
  7. ^ UPDATE 2-UDG raises earnings growth forecast, sees deal paying off Reuters. 14 May 2014.
  8. ^ UDG Healthcare invests €105m to expand communications unit The Irish Times, 27 February 2014

External links[edit]