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Uniphar PLC on Tuesday said it has bought US healthcare agency Inspired Health.
Uniphar, a Dublin-based healthcare service provider, expects a 12% to 15% return on capital employed within three years from the acquisition of the Boston, Massachusetts-based firm, in line with Uniphar's target rate.
The firm explained that ‘the acquisition increases Uniphar's presence in the strategically important US market and Inspired will complement our recent US acquisitions of BESTMSLs Group, Diligent Health Solutions and RRD International LLC’.
Uniphar Chief Executive Officer Ger Rabbette stated: ‘The acquisition of Inspired Health adds another vital component to our high value commercialisation offering and further increases our 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. We are excited to welcome the highly innovative Inspired team to the group’.
Uniphar shares were flat at 270.50 pence each in London on Tuesday morning.
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