Michael Murray: How UDG Healthcare went from snail to superstar
Revitalised firm is on its way to being a global medical services player
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 – ...
