It is understood that Dublin-based Uniphar Group plc has agreed to pay €65 million for Sisk Healthcare. The deal, which has been cleared by the Competition and Consumer Protection Commission subject to certain conditions, will be the fourth such acquisition by Uniphar in 12 months. The terms of the deal have not been disclosed but it is understood that Uniphar has agreed to pay the agreed sum in cash (with some of it deferred for two years), plus equity for the healthcare distribution business of Sisk Group.
The move cements Uniphar’s ambitions to become a pan-European provider of wholesale and outsourced specialist services in the broad pharma and medical sectors. Uniphar is already a leading provider of outsourced services to the pharmaco-medical sector in Ireland and the UK, and has a diverse customer base. It operates from Ireland, the UK and the Benelux region and has annual turnover of about €1.3 billion.
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