Pharmacy supplies group Uniphar, which made four acquisitions last year, says it is getting harder to do good deals due to the rising price of healthcare assets. The Dublin-listed company yesterday reported a 30pc rise in profits across its three operational divisions and said it could spend up to €300m on mergers and acquisitions over the next two to three years within its existing capital structure. On a call with analysts yesterday after the earnings announcement, Uniphar CEO Ger Rabbette said the company is “determined to grow each of our three divisions, both organically and inorganically”. Uniphar reported revenue of €965m for the six months to June 30, up 10pc year-on-year. The company also announced that it had appointed Hugh McDonnell, formerly the chief architect at eShopWorld, as its chief technology officer.

Source: Irish Independent September 01, 2021 13:18 UTC