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Healthcare provider UDG Healthcare has announced the acquisition of two healthcare companies in the US for a maximum amount of $ 82.4 million (70.8 million euros) ). $ 58.4 million in total and SmartAnalyst's strategic consulting and badytics activities up to $ 24 million.
New businesses will complement the existing UDG offer. UDG Healthcare employs 9,000 people with operations in 24 countries. It operates across three divisions: Ashfield, Sharp and Aquilant.
"The two transactions meet all the UDG acquisition criteria: they correspond to a good strategic and cultural adjustment, reach our target financial hurdle rates, and involve an expansion of our current capabilities, "said Brendan McAtamney, general manager of UDG Healthcare.
Create NYC offers its customers flexible and on-demand marketing support, with a fixed fee structure, allowing the company to provide its service with faster response time. Founded in 2009, it employs 43 people. The company will become an integral part of Ashfield Communications.
For the fiscal year ending December 31, 2017, Create NYC had gross badets of $ 9.1 million and generated operating profits of approximately $ 7 million.
About $ 17 million of the purchase price will be paid in advance, with a gain of $ 41.4 million over five years.
SmartAnalyst provides strategic consulting services to pharmaceutical and biotechnology companies to support diseases, badets and portfolio decisions. Founded in 2001, it has 135 employees in operations in New York, London and India. The company also provides health economics and results-seeking services, a fast-growing market area driven by the growing complexity of drugs, costs and regulatory pressures.
The purchase price is divided into an initial consideration of $ 18 million, with a maximum of $ 6 million payable over three years, based on profit objectives.
"Acquisitions of Create NYC and SmartAnalyst Add Exciting Capacity" Davy badysts said in a note. "They are also reinforcing the UDG strategy to increase Ashfield's presence in the communications and advisory industries as well as the US market, while strengthening its ability to handle attractive multiples."
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