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UDG Healthcare buys UK communications firm

UDG Healthcare has agreed to acquire healthcare communications business KnowledgePoint360 from ABRY Partners for a consideration of $144 million (£86.6 million).
The move will complement UDG Healthcare’s existing communications offering, which it also provides through its Ashfield division and allow the company to expand further into the US and Europe.
Macclesfield-based KnowledgePoint360 provides medical education, publication support, thought leader engagement and scientific content development services.
The deal is expected to close in March 2014.
UDG Healthcare chief executive Liam Fitzgerald said: “We are delighted to make this announcement.  KnowledgePoint360 is a significant strategic and complementary acquisition for UDG Healthcare, giving us a market leading position in the global healthcare communications sector and significantly enhancing the Ashfield offering to our clients.” 
ABRY Partners acquired the KnowledgePoint360 from Thomson Reuters in 2007. 
London Stock Exchange-listed UDG Healthcare is based in Dublin and specialises in supply chain, packaging, medical, regulatory and sales and marketing provision across the globe.  


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Posted on: 27/02/2014

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