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United Drug buys Alliance Healthcare Information for USD 10m
Ireland-headquartered United Drug buys US pharmaceutical sales and marketing services company, Alliance Healthcare Information for over USD 10m
Ireland-headquartered United Drug (UD) has bought US pharmaceutical sales and marketing services company, Alliance Healthcare Information (AHI), for over USD 10m.
UD, which is a provider of services to healthcare manufacturers and pharmaceutical retailers in Ireland, the UK and mainland Europe, paid USD 9.5m in cash and up to USD 1m more if certain milestones are reached.
AHI provides call centre solutions to support pharmaceutical companies in the US market for their sales and marketing requirements, including medical affairs information, patient compliance support and clinical trials recruitment. The company employs 163 people.
UD's CEO, Liam FitzGerald, said: "AHI brings additional scale to our existing US contract sales outsourcing and consultancy business and will allow us to broaden our service offering and customer relationships in the US market."
Edgemont Capital Partners acted as financial advisor to AHI in the transaction.
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