LONDON, UK: Uniphar plc announced the acquisition of Boston, MA headquartered Inspired Health.
Inspired is a healthcare insights and intelligence consultancy. Using innovative market research techniques, Inspired assists its life science clients to better understand physicians, patients, administrators, and payers. These insights are leveraged to assist clients optimise product innovation and commercialise their assets.
High quality research and insights are the foundation to a successful commercialisation strategy. Inspired Health will be integrated into Uniphar’s Commercial & Clinical division. Inspired’s market research expertise will enable Uniphar to evolve its commercialisation offering to enhance its clients’ competitiveness and improve healthcare delivery.
The acquisition increases Uniphar’s presence in the strategically important US market and Inspired will complement our recent US acquisitions of BESTMSLs, Diligent Health Solutions and RRD International.
The purchase price includes an upfront payment plus contingent consideration payable upon future financial performance. The founders recognise the enhanced opportunity to grow the business as part of Uniphar Group and remain fully engaged as a core part of the business going forward.
The acquisition is expected to deliver a Return on Capital Employed in line with Uniphar’s target rate of 12%-15% within three years.
Commenting on today’s announcement, Ger Rabbette, CEO of Uniphar said: “The acquisition of Inspired Health adds another vital component to our high value commercialisation offering and further increases our scale in the world’s largest healthcare market. Market research is the first step on the journey towards successful commercialisation and the insights gained from Inspired’s innovative service offering will be leveraged across the Group. We are excited to welcome the highly innovative Inspired team to the Group.”
Kieron Mathews, Senior Executive Officer of Inspired Health: “Inspired Health has been on an incredible journey over the last number of years and today marks a significant milestone for the team. The Uniphar Group recognise the important role insights, data and market research play across an asset’s lifecycle and as such is an ideal home for Inspired Health. Uniphar have built a compelling commercial offering to date, and we look forward to adding to that through our innovative solutions.”
Andrew Wilson, Senior Executive Officer of Inspired Health: “Joining the Uniphar Group will enable the Inspired team to continue to deliver for our existing and growing client base while benefiting from additional opportunities as part of a larger organisation with an enhanced service offering.”