Healthcare company Uniphar has announced a deal to buy Boston-based healthcare agency Inspired Health for an undisclosed sum.
Uniphar said the purchase increases its presence in the strategically important US market, adding that Inspired will complement its recent US acquisitions of BESTMSLs, Diligent Health Solutions and RRD International.
It said the purchase price includes an upfront payment plus contingent consideration payable upon future financial performance.
It said today's deal is expected to deliver a Return on Capital Employed in line with Uniphar's target rate of 12%-15% within three years.
Ger Rabbette, CEO of Uniphar, today's acquisition adds another vital component to the company's high value commercialisation offering, further increasing its scale in the world's largest healthcare market.
"Market research is the first step on the journey towards successful commercialisation and the insights gained from Inspired's innovative service offering will be leveraged across the group," Mr Rabbette said.
Kieron Mathews, Senior Executive Officer of Inspired Health, said the Uniphar Group recognise the important role insights, data and market research play across an asset's lifecycle and as such is an ideal home for Inspired Health.
"Uniphar have built a compelling commercial offering to date, and we look forward to adding to that through our innovative solutions," he added.
Uniphar shares moved higher in Dublin trade today.
