Friday December 13, 2019

UDG on takeover trail with war chest of €600m

Healthcare services firm looks for deals worth up to €150m

Ian Guider

Markets Editor

@ianguider
22nd May, 2016
Brendan McAtamney

UDG Healthcare, the medical services company, expects to seal a major takeover in the next 12 months, according to its chief executive.

Brendan McAtamney told The Sunday Business Post that he was eyeing up deals in the region of €120 million to €150 million and it has up to €600 million to spend in total.

UDG is flush with cash following the sale of its drug distribution business last year for €407 million.

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