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
General Motors (GM) luxury brand is offering 400 dealers as it reshapes the brand's image to better compete with rivals, according to media reports. The Detroit auto maker will provide as much as $180,000 in "transition assistance" to U.S. Cadillac dealers unwilling to invest in a set of new standards... Hotwire of Expedia Inc. cautioned customers about a fake fax memo. The memo, offering deep travel discounts, has an old corporate Hotwire logo in it to falsely imply a connection with Hotwire. It carries phone numbers which are not related to travel booking site. A Singapore-based music start-up has acquired a 49 percent stake in the iconic music and pop culture-focused magazine Rolling Stone, becoming the first outsider investor in the magazine. Financial terms of the deal, which will enable Rolling Magazine to expand its international reach, were not disclosed.
comments powered by Disqus
Follow RTT