Uniphar PLC - Dublin-based healthcare services - Buys McCauley Pharmacy Group for an undisclosed amount. Dublin-based McCauley has 37 retail pharmacies and a digital platform that Uniphar says will support the growth of its consumer business. The acquisition is expected to be earnings accretive from the start and is expected to deliver a return on capital employed in line with Uniphar's target of 12% to 15% within three years. Uniphar says its Supply Chain & Retail division continued to outperform its medium-term guidance during the first half of the year. "The acquisition of McCauley further improves our leading position in the Irish retail pharmacy market," says Uniphar Chief Executive Ger Rabbette.
Current stock price: 297.00 pence
12-month change: down 19%
By Tom Waite; thomaslwaite@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Uniphar (UPR)