logo
Share SHARE
FONT-SIZE Plus   Neg

United Drug To Acquire Synopia - Quick Facts

United Drug plc (UDG.L), an international provider of healthcare services, announced it has reached agreement to acquire the entire issued share capital of Synopia RX LLC for a total consideration of up to $12 million. United Drug said $3.2 million of the consideration is payable in cash on completion with an additional amount of up to $8.8 million payable after three years on achievement of agreed profit targets.

Based in North Carolina, USA, Synopia provides market access services to pharmaceutical and biotech manufacturers in the US market. Synopia will form part of United Drug Sales, Marketing & Medical division. The acquisition will be financed from United Drug's internal resources and existing debt facilities and is expected to be immediately accretive to earnings.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Theme park chain Six Flags Entertainment Corp. (SIX) announced that it is in "discussions" with the Kingdom of Saudi Arabia to open multiple amusement parks in the conservative Muslim kingdom. Texas-based Six Flags Entertainment says it "has initiated discussions with the government of Saudi Arabia... Uber has developed new software that will track and inform drivers of the ride-hailing app about things like sudden acceleration, harsh braking or whether they are holding their phones while driving. The software is part of an updated version of Uber's app for drivers. One third of its PlayStation Plus users pay for games, Sony revealed on Wednesday.
comments powered by Disqus
Follow RTT