Irish pharmacy and healthcare services group Uniphar is understood to be eyeing acquistions in the Nordic and Baltic regions, with at least one purchase possible before the end of the year.

Pharmacy and healthcare services group Uniphar will use the proceeds of its planned stock market flotation to pay for near-term acquisition targets and to reduce its debt levels.

Uniphar, the Irish-owned pharmaceutical wholesale and distribution company, has reached agreement to buy aspects of fellow Dublin-based firm Cahill May Roberts for €50m.