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
Brendan McAtamney, CEO[1]
Revenue 919.3 million (2015)[2]
82.2 million (2015)[2]
54.9 million (2015)[2]
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.[3] 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.[4]

In January 2007, the company acquired Presearch, a UK laboratory services company, for GBP £2.9 million.[5]

It acquired Pharmexx, a Frankfurt-based business, in July 2012.[6] In September 2012 it decided to move its primary listing from Irish Stock Exchange to the London Stock Exchange.[7] It changed its name from United Drug to UDG Healthcare in October 2013.[8]

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.[9][10]

In September 2015, UDG Healthcare sold sell Irish drug distribution businesses to McKesson Corporation for $466 million. The funds will be used to cover debts and future acquisitions.[11]

Operations[edit]

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

References[edit]

  1. ^ Michael Cogley (3 February 2016). "UDG boss Fitzgerald steps down from €2.5m-a-year role". Independent.ie. Retrieved 2016-07-31. 
  2. ^ a b c "Annual Report 2015". UDG Healthcare. Retrieved 16 April 2016. 
  3. ^ "B2B Database with Highly Accurate & Detailed Profiles - ZoomInfo". zoominfo.com. Retrieved 3 April 2015. 
  4. ^ Irish buyer for Ashfield, This is Money (Daily Mail), May 7, 2000.
  5. ^ "United Drug buy UK lab distributor for £2.9m". RTÉ News. January 26, 2007. 
  6. ^ United Drug snaps up Pharmexx Irish Times, 26 July 2012
  7. ^ United Drug set to shift to LSE FT, 5 September 2012
  8. ^ United Drug: Yes to name change Irish Examiner, 10 August 2013
  9. ^ UPDATE 2-UDG raises earnings growth forecast, sees deal paying off, Reuters.com (14 May 2014)
  10. ^ UDG Healthcare invests €105m to expand communications unit The Irish Times, 27 February 2014
  11. ^ Roshni Menon (18 September 2015). "UDG Healthcare to sell two units to McKesson for $466 million". Reuters.com. Retrieved 2016-07-31. 

External links[edit]