Uniphar buys healthcare consultancy Inspired Health
By Josh White
Date: Tuesday 04 Oct 2022
(Sharecast News) - Uniphar announced the acquisition of US-based healthcare insights and intelligence consultancy Inspired Health on Tuesday.
The AIM-traded firm said the acquisition would increase its presence in the "strategically important" United States market, with Inspired set to complement its other recent US acquisitions - BESTMSLs, Diligent Health Solutions and RRD International.
It said the purchase price included an upfront payment, plus contingent consideration based on future financial performance.
The company said the founders recognised the enhanced opportunity to grow the business as part of Uniphar, and remained "fully engaged" as a core part of the business going forward.
Uniphar said the acquisition was expected to deliver a return on capital employed in line with its target rate of 12% to 15% within three years.
"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," said chief executive officer Ger Rabbette.
"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."
Reporting by Josh White at Sharecast.com.
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