United Drug makes two acquisitions

Drug distributor United Drug has bought British vaccine specialist Medical Advisory Service for Travellers Abroad (MASTA) for…

Drug distributor United Drug has bought British vaccine specialist Medical Advisory Service for Travellers Abroad (MASTA) for up to £19 million.

MASTA specialises in travel health and the sale and distribution of vaccines, medical information and clinical services.

United Drug will pay an initial £14.5 million in cash, plus a possible £4.5 million in performance related payments over the next two years.

The company also announced that it has bought 25 per cent of the Medicare Group, a healthcare and retail organisation based in Northern Ireland, for an undisclosed sum.