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UDG Udg Healthcare Public Limited Company

1,079.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Udg Healthcare Public Limited Company LSE:UDG London Ordinary Share IE0033024807 ORD EUR0.05 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,079.00 1,078.00 1,079.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

UDG Healthcare to Sell Assets to McKesson for EUR407.5 Million

18/09/2015 10:38am

Dow Jones News


Udg Healthcare Public (LSE:UDG)
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By Tapan Panchal

 

LONDON--UDG Healthcare PLC (UDG.LN) said Friday that it has agreed to sell two units to McKesson Corp. (MCK) for 407.5 million euros ($461.28 million).

The healthcare services provider has sold United Drug Supply Chain Services and the Medical Advisory Service for Travellers Abroad businesses to focus on its higher-growth international healthcare services businesses.

The proceeds from the disposals will be invested in higher-growth areas as well as to repay debt.

UDG Healthcare also said Chief Executive Liam FitzGerald is to retire in March. It has nominated Chief Operating Officer Brendan McAtamney to succeed Mr. FitzGerald.

Shares at 0844 GMT 5.1% higher at 518 pence.

 

Write to Tapan Panchal at tapan.panchal@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

September 18, 2015 05:23 ET (09:23 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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