Business
DCC Healthcare Acquisition of Williams Medical
DCC Healthcare Acquisition of Williams Medical.
About this update from Dcc Plc
[{"type":"text","content":"\n \nRNS Number : 6756I DCC PLC 03 June 2014 \n \n\nSTOCK EXCHANGE ANNOUNCEMENT\n \n3 June 2014\n \nDCC Healthcare acquisition significantly increases market coverage in Britain\n \nDCC plc, the international sales, marketing, distribution and business support services group, announces that DCC Healthcare's subsidiary DCC Vital has acquired Williams Medical Holdings (\"Williams\"), the market leader in the supply of medical and pharmaceutical products and related services to general practitioners in Britain. The consideration was paid in cash at completion, based on an enterprise value of £45 million. \n \nWilliams supplies a wide range of own and third party branded products - medical equipment, consumables and pharmaceuticals - to a very broad customer base of c.10,000 GP practices, as well as healthcare providers in the community care and domiciliary care sectors. The business also provides a range of services including field based testing & calibration and repair & maintenance of equipment. The Williams business model, similar to that in DCC Technology, is based on telesales, e-commerce, product catalogues and key account management, supported by high quality IT systems and cost effective logistics.\n \nWilliams has 165 employees and operates from a modern, purpose built facility in Rhymney, SouthWales. In its last financial year ended 31 July 2013, Williams recorded an adjusted operating profit of £6.0 million. \n \nDCC Vital is building a substantial business focused on sales and distribution of own and third party pharmaceuticals and medical devices across all channels to the healthcare market. DCC Vital already has excellent market coverage in Britain and Ireland in the secondary care (hospital) and retail pharmacy channels. The acquisition of Williams, with its market leading position in primary care and developing positions in community care and domiciliary care, means that DCC Vital now has the most comprehensive sales and distribution network in the British and Irish healthcare markets. Leveraging this expanded market coverage is expected to provide near term synergy opportunities, as well as strengthening the platform for further growth.\n \n \nTommy Breen, Chief Executive of DCC plc, said today:\n \...