15th Oct 2007 14:00
United Drug PLC15 October 2007 UNITED DRUG ACQUIRES US BASED PHARMACEUTICAL SALES AND MARKETING SERVICESCOMPANY Dublin and London, 15th October, 2007: United Drug Plc, a leading provider ofservices to healthcare manufacturers and pharmaceutical retailers in Ireland,the UK and Continental Europe today (Monday 15th October 2007) announced that ithas acquired the entire issued share capital of Alliance Healthcare InformationInc ("Alliance") a pharmaceutical sales and marketing services company based inIvyland, Pennsylvania in the United States. Alliance provides a range of call centre solutions to support Pharma companiesin the US market with their sales and marketing requirements, including medicalaffairs information, patient compliance support and clinical trials recruitment.The company's communication centre is staffed by medically trained professionalsand they provide services to a broad range of major pharmaceutical companies.The business currently employs 163 people, including senior management, all ofwhom will remain with the business. The consideration for the acquisition is $9.5 million in cash, paid oncompletion, plus additional consideration of up to $1 million payable based onachievement of agreed targets over the next 12 months. Speaking about the Company's acquisition today, United Drug's Chief Executive,Liam FitzGerald said: "We are delighted to announce the acquisition of Alliance. This is a highlyprofessional operation providing a range of value-add services to aidpharmaceutical companies sales and marketing efforts. Alliance brings additionalscale to our existing US Contract Sales Outsourcing and Consultancy business andwill allow us to broaden our service offering and customer relationships in theUS market." "I would like to welcome all management and staff of Alliance to the United Drugorganisation and look forward to working with them to build upon their successto date and to further our development as a leading international healthcareservices company." Edgemont Capital Partners acted as financial advisor to Alliance HealthcareInformation in this transaction. ENDS. Monday,15th October 2007 For reference: Liam FitzGerald Robert MarshallUnited Drug plc Murray ConsultantsTel: +353-1-4598877 Tel: +353-1-4980300 Investors and AnalystsMark Kenny/Jonathan NeilanK Capital SourceTel: +353-1-6315500 About United Drug plc United Drug is a leading provider of services to healthcare manufacturers andpharmaceutical retailers in Ireland, the UK and Continental Europe. It is thelargest pharmaceutical wholesaler in the island of Ireland. UD is also themarket leader in contract distribution outsourcing (pre-wholesaling) in Irelandand has achieved the No. 1 position in the UK through its joint venture businessUniDrug Distribution (UDG). In addition to contract distribution services for pharma manufacturers, UnitedDrug provides contract distribution, sales & marketing and technical services toMedical & Scientific equipment & consumable manufacturers, with a market leadingposition in Ireland and an emerging presence in the UK. United Drug is also a leading provider of contract sales outsourcing services topharmaceutical manufacturers in the UK and Ireland. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UDG.L