United Drug seeks more acquisitions

HEALTHCARE services group United Drug has said it will continue to seek acquisition opportunities in order to grow its business, after seeing a “satisfactory” performance over the course of the last four months.

The Dublin-headquartered drug wholesale and diversified healthcare services group ends its financial year at the end of September. In May, it reported a 5% year-on-year rise in first half pre-tax profits to €31.5 million.

Yesterday, via its latest interim management statement, the group said that profits for the nine months up to the end of June were “in line with last year” and cash flows continue to be strong.