Type Public Industry Pharmaceutical Headquarters Republic of Ireland Founded 1948 | Traded as LSE: UDG Website www.udghealthcare.com Revenue 919.3 million EUR (2015) Net income 54.9 million EUR (2015) | |
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Key people Peter Gray, Chairman
Brendan McAtamney, CEO Stock price UDG (LON) 700.03 GBX +0.03 (0.00%)28 Mar, 4:54 PM GMT+1 - Disclaimer Subsidiaries AQUILANT LIMITED, Bilcare, Inc. Profiles | ||
Udg healthcare customer testimonial
UDG Healthcare plc, formerly United Drug, is a Dublin-based international company and partner to the healthcare industry, providing clinical, commercial, communication and packaging services. It is listed on the London Stock Exchange. It is a constituent of the FTSE 250 Index.
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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. 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.
In January 2007, the company acquired Presearch, a UK laboratory services company, for GBP £2.9 million.
It acquired Pharmexx, a Frankfurt-based business, in July 2012. In September 2012 it decided to move its primary listing from Irish Stock Exchange to the London Stock Exchange. It changed its name from United Drug to UDG Healthcare in October 2013.
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.
In September 2015, UDG Healthcare sold its Irish drug distribution businesses to McKesson Corporation for $466 million. The funds will be used to cover debts and future acquisitions.
In May 2016 UDG Healthcare acquired Pegasus, the leading integrated healthcare communications consultancy in the UK.
In October 2016 the Group acquired STEM Marketing Limited, the leading global provider of commercial, marketing and medical audits to pharmaceutical companies.
Operations
UDG Healthcare plc operates across three divisions: Ashfield, Sharp and Aquilant. It employs approx 8,000 people with operations in 23 countries and delivers services in over 50 countries.The company is a leading international partner of choice delivering clinical, commercial, communication and packaging services to the healthcare industry.