Friday July 10, 2020

Michael Murray: How UDG Healthcare went from snail to superstar

Revitalised firm is on its way to being a global medical services player

29th November, 2015
UDG Healthcare supply a huge amount of drugs to the Irish market

There were few more boring businesses in Ireland than the old United Drug – a price-taking distributor of drugs and medical supplies generating modest growth in earnings from a tight margin and geographically narrow distribution business.

It did, however, manage to maintain consistent annual, if sometimes modest, dividend growth over 25 years.

In the past three years however United Drug – renamed UDG Healthcare to reflect the transformation of the original business – has transitioned into...

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