Bluebox advises on the sale of Devonshire Healthcare Services to Uniphar plc

Bluebox is delighted to announce the sale of Devonshire Healthcare Services (“Devonshire”), a specialist pharmaceutical distributor, to Uniphar plc (“Uniphar”), an Irish-listed global diversified healthcare organisation. Pricing and other deal terms have not been disclosed.

Since 1992, Devonshire has provided unparalleled access to unlicensed and difficult-to-source medicines to healthcare authorities, hospitals, overseas ministries of health and military agencies across the Middle East and North Africa (“MENA”).

Devonshire will be integrated into Uniphar’s Product Access division, expanding its global access into key hospitals in the MENA region for the benefit of both its On Demand and Exclusive Access businesses. Devonshire will benefit from Uniphar’s existing operational infrastructure and drive cross-selling opportunities between both businesses.


Tim Smith, Managing Director of Devonshire commented:

“Having established Devonshire more than 25 years ago, it was critical that the ultimate buyer could support the onward growth of Devonshire and its team. I am delighted to have secured the perfect new home for the business in Uniphar, where Devonshire can thrive. Bluebox provided a stellar service from the outset of the exercise, from preparing me for the rigours of an M&A exercise to managing a seamless due diligence process. I am extremely grateful for their efforts.”


Jonathan Rich, Director at Bluebox commented: 

“We are pleased to have successfully concluded this deal for Tim and Devonshire. Our objective at the outset was to identify a strategic acquirer who could facilitate Tim’s phased exit from the business, whilst also providing Devonshire and its team with ample opportunities for growth. Devonshire’s unique positioning in the MENA region is highly complementary to Uniphar’s global offering and the future for both parties is very exciting.  We wish Tim and the rest of the team a successful future.”


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