UDG Healthcare to Acquire 2 Healthcare Consultancies for Up to USD 106m.
MANews-(C)2009-2019
29 May 2019 - US-based International healthcare services provider UDG Healthcare Public Limited Co.'s Ashfield Communications and Advisory business has acquired US-based strategic management healthcare consultancy Putnam Associates for up to USD 88.6m and UK-based healthcare policy and communications consultancy Incisive Health for a total consideration of up to GBP 13.6m (USD 17.7m), the company said.
The two companies, acquired for a total consideration of up to USD 106m, will strengthen its Ashfield Communications and Advisory business.
Putnam adds significant capabilities and scale to Ashfield's existing advisory pillar in the US, as well as delivering a step change in Ashfield's capabilities in pricing, reimbursement and market access. Putnam also complements Ashfield's existing advisory offering, including STEM, Vynamic and SmartAnalyst, which were acquired between 2016 and 2018.
Putnam's acquisition is to be satisfied in cash, with USD 60m paid upfront, in addition to an earn-out of up to USD 20.1m over three years, and a further five year earn-out of up to an additional USD 8.5m.
Incisive Health significantly strengthens Ashfield Communications' capabilities in the UK and mainland Europe, specifically in dedicated policy and market access communications.
Incisive Health is being acquired for an initial consideration of GBP 8.0m (USD10.4 m), with an earn-out of up to GBP 5.6m (USD 7.3m) payable over the next three years, based on the achievement of agreed profit targets.
Both transactions will be financed from existing cash and debt facilities and are expected to deliver a return on capital employed in excess of the Group's target of 15% within three years.
UDG Healthcare plc (LON: UDG) is an international partner of choice delivering advisory, communication, commercial, clinical and packaging services to the healthcare industry, employing over 9,000 people with operations in 26 countries and delivering services in over 50 countries.
UDG Healthcare plc operates across two divisions: Ashfield and Sharp.
Ashfield is a leader in advisory, communication, commercial and clinical services for the pharmaceutical and healthcare industries. It focusses on supporting healthcare professionals and patients at all stages of the product life cycle.
The division provides field and contact centre sales teams, healthcare communications, patient...
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