UDG Healthcare to Sell Assets to McKesson for EUR407.5 Million
September 18 2015 - 5:38AM
Dow Jones News
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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