US Life Science company aquired by Uniphar group
HEALTHCARE services firm Uniphar, has acquired US company Inspired Health.
It is the latest acquisition for Uniphar, with it’s head office located in Citywest Business Park.
Inspired Health is headquartered in Boston, and is a insights and intelligence consultancy.
The firm utilises market research techniques to help life sciences companies gain a better understanding of those they engage with, including doctors, patients, administrators and payers. These insights are then used to optimise innovation, as well as to commercialise assets.
Inspired Health will be integrated into Uniphar’s commercial and clinical division.
The purchase price, which was not disclosed, includes an up-front payment, as well as contingent consideration which is payable depending upon future financial performance.
Uniphar anticipates that the acquisition will deliver a return on capital employment in line with Uniphar’s target range of 12 per cent to 15 per cent within three years.
“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,” said Uniphar chief executive Ger Rabbette.
The acquisition will also increase Uniphar’s presence in the “world’s largest healthcare market”, he said.
“The Uniphar Group recognise the important role insights, data and market research play across an asset’s lifecycle and as such is an ideal home for Inspired Health,” added Inspired Health senior executive officer Kieron Mathews.
This acquisition from Uniphar marks its latest in the US market, following the acquisition of medical affairs company BESTMSLS last August.
Last month, Uniphar also bought pharmacy chain McCauley Pharmacy Group.
In 2021, the group generated revenues of €1.9bn, with a gross profit of more than €274.5m.
The group employs more than 2,900 people across Ireland, UK, Germany, Switzerland and the US, as well as the Benelux and Nordic regions.
The acquisition of the McCauley Pharmacy Group adds 37 retail outlets to Uniphar’s expanding footprint in the Irish consumer market, giving it a 7 per cent market share.
Uniphar now have 140 pharmacies nationwide and distribution relationships with 280 more, once the MCauley transaction is complete.
