Healthcare company Uniphar has announced a deal to buy Dublin headquartered McCauley Pharmacy Group.
The deal for McCauley adds 37 retail pharmacies to the Uniphar group, which it said will complement its growing footprint of symbol group members.
Uniphar said today's deal will be earnings accretive from completion.
It is still subject to approval by the Irish Competition and Consumer Protection Commission.
Ger Rabbette, CEO of Uniphar said, said the acquisition of McCauley further improves the company's leading position in the Irish retail pharmacy market.
"McCauley is widely recognised as a leading brand across health, wellbeing, and beauty. Their expertise and advanced digital offering will complement our fast-growing consumer business in the Supply Chain & Retail division," he added.
Tony McEntee, CEO of McCauley Pharmacy Group, said that with Uniphar's strong track record in this sector, the future of the McCauley business is in very safe hands.
"We extend our thanks to all McCauley staff who have played such a critical role in the transformation of the business over the past number of years and, in particular, for their hard work and tireless commitment throughout the Covid-19 pandemic," he added.
Uniphar shares moved higher in Dublin trade today.
