4th Dec 2006 14:12
WPP Group PLC04 December 2006 FOR IMMEDIATE RELEASE 4 December 2006 WPP GROUP PLC ("WPP") Grey Healthcare Group acquires 51% stake in Vogel Farina in US WPP announces that its wholly-owned operating company Grey Healthcare Group, aleading healthcare marketing and communications solutions provider, has acquired51% of the share capital of Vogel Farina, Inc. ("Vogel Farina"). Vogel Farina'sprimary focus is in the oncology and acute care sectors and it specialises inthe launching of new brands. Founded in 2002 and located in Summitt, New Jersey, Vogel Farina employs ninepeople. Vogel Farina's revenues for the year ended 31 December 2005 were US$1.7million, with gross assets as at the same date of US$0.5million. Clients includeNovartis, Therion Biologics and Juvent. This acquisition continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact: T. +44 (0)20 7408 2204Feona McEwan, WPPwww.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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