UDG Healthcare acquires market leading Healthcare Communications provider

Posted: 28th February 2014 08:45

UDG Healthcare plc, a leading international provider of healthcare services, announces that it has agreed to acquire the healthcare communications business of KnowledgePoint360.  The deal, agreed at a total cash consideration of $144 million [€105 million], is expected to complete by the end of March 2014.

Transaction highlights:
Commenting on the announcement, Liam FitzGerald, Chief Executive of UDG Healthcare plc said: "We are delighted to make this announcement.  KnowledgePoint360 is a significant strategic and complementary acquisition for UDG Healthcare, giving us a market leading position in the global healthcare communications sector and significantly enhancing the Ashfield offering to our clients."

"KnowledgePoint360 is a strong and well-established business, with an excellent management team and highly qualified work force that has a style and values similar to our own.  Our Ashfield business has had great success with previous acquisitions in the healthcare communications market, including InforMed and Watermeadow.  Expansion in healthcare communications and related business areas is a key part of our global growth strategy."

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