United Drug Acquires Alliance Health, U.S.-Based Pharmaceutical Sales and Marketing Services Company
United Drug Plc, a leading provider of services to healthcare manufacturers and pharmaceutical retailers in Ireland the UK and Continental Europe today announced that it has acquired the entire issued share capital of Alliance Healthcare Information Inc (“Alliance”) based in Ivyland, Pennsylvania.
Alliance provides a range of call centre solutions to support Pharma companies sales and marketing requirements, including medical affairs information, patient compliance support and clinical trials recruitment. The company’s communication centre is staffed by medically trained professionals and they provide services to a broad range of major pharmaceutical companies. The business currently employs 163 people, including senior management, all of whom will remain with the business.
The consideration for the acquisition is $9.5 million in cash, paid on completion, plus additional consideration of up to $1 million payable based on achievement of agreed targets over the next 12 months.
Speaking about the Company’s acquisition today, United Drug’s Chief Executive, Liam FitzGerald said:
“We are delighted to announce the acquisition of Alliance. This is a highly professional operation providing a range of value-add services to aid pharmaceutical companies sales and marketing efforts. Alliance will fit alongside our existing US Contract Sales Outsourcing and Consultancy (CSC) business and will allow us to broaden our service offering and customer relationships in the US market.”
“I would like to welcome all management and staff of Alliance to the United Drug organisation and look forward to working with them to build upon their success to date and to further our development as a leading international healthcare services company.”
About Edgemont Capital Partners
Edgemont Capital Partners acted as exclusive financial advisor to Alliance Healthcare Information in this transaction.
At Edgemont Capital Partners
David K. Blume, Managing Director
Phone: 212-867-8935 Fax: 212-214-0911
Jeff B. Swearingen, Principal
Phone: 212-867-8935 Fax: 212-937-3816