Uniphar Group Announcement:
Dublin, 26 April, 2018
Uniphar Group plc announces the acquisition from SISK Group of its healthcare distribution business, SISK Healthcare, subject to the approval of the Competition and Consumer Protection Commission.
This is the largest proposed acquisition to date for Uniphar, since its purchase of Cahill May Roberts in 2013. It falls in line with the company’s ambitious growth and development strategy, which aims to see it becoming sectoral leader in the provision of outsourced and specialist services to manufacturers in the pharmaceutical and medical sectors on a pan-European basis. Uniphar is already a leading provider of outsourced services to the pharmaco-medical sector in Ireland and the UK, with a diverse customer base and an annual turnover of c. €1.3 billion.
Today’s announcement represents the fourth acquisition by Uniphar over the last 12 months. In April 2017 it acquired the multichannel account management provider OUTiCO Limited; followed by a healthcare insights specialist Clinical Cube Limited in August 2017, while earlier this year, it acquired specialist medical devices distributor Macromed Limited.
Commenting Ger Rabbette, CEO, Uniphar Group plc said “We see the acquisition of Sisk Healthcare, along with our other recent transactions, as creating a strong platform for growth in the provision of outsourced and specialist services to pharmaco-medical manufacturers and being key to the development of a successful pan-European business. Our current acquisition strategy seeks businesses with strong management teams and good potential for growth which Uniphar can help to accelerate and realise. SISK Healthcare has a talented, knowledgeable team and brings a new area of related expertise into our business. It’s an excellent fit for Uniphar and will work well within our expanding portfolio of stand-alone companies, all of whom collaborate to deliver integrated outsourced solutions in the healthcare sector in Ireland, the U.K. and the Benelux.’
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