UDG Healthcare confirmed yesterday that it is selling its drug distribution units across Ireland and a unit in its commercial services business to US drug wholesaler and Fortune 500 firm McKesson for €407.5m. McKesson owns LloydsPharmacy, the largest pharmacy chain in the country, with nearly 100 branches and close to 1,000 employees.
UDG Healthcare’s strategy over the last few years has been to focus on its higher-growth, higher- margin businesses such as Ashfield (contract sales and marketing comms), Sharp (packaging division) and Aquilant (sales and distribution to Medtech industry).
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