United Drug agrees $61m Indian deal
The purchase of international clinical trials-related business, Bilcare Global Clinical Supplies will position the Dublin-headquartered healthcare services group as a global leader in both commercial and clinical packaging. The deal is expected to be formally concluded by the end of this month and the consideration — payable upon deal completion — will be financed through United Drug’s internal resources and existing debt facilities.
Bilcare GCS has assets of $16m and, in its last financial year generated profits of $4.6m. The development will see Bilcare Ltd — which is headquartered in the Indian city of Pune — focus on its clinical supplies business in Asia.
