UPS is buying Andlauer Healthcare Group (AHG), a company that specializes in logistics and cold-chain transportation solutions for the healthcare sector.
The total purchase price is approximately CAD $2.2 billion ($1.6 billion). The company said the transaction will help UPS Healthcare customers, who increasingly need temperature-controlled shipping. UPS Healthcare will gain access to AHG’s temperature-controlled facilities and specialized cold-chain transportation capabilities.
Most Read Medical News:
- Doctors Remove Pig Kidney from an Alabama Woman After a Record 130 Days
- 5 Minutes with MDD: Allison Harbaugh, Medical Business Manager at Stratasys
- FDA Clears Neuralink Competitor's Human Brain Implant
- New Material Allows Patients to Adjust Prosthetic Limbs Using a Smartphone
“Next-generation treatments are driving more complexity than ever, expanding the needs of healthcare customers and increasing demand for the integrated, end-to-end cold chain solutions UPS Healthcare provides around the world,” said Kate Gutmann, EVP and president of International, Healthcare and Supply Chain Solutions for UPS. “Andlauer Healthcare Group will help us deliver expanded capability to our customers, driving best in class patient outcomes while contributing to our overall growth plans across the business. This acquisition marks another important step in our declaration to be the number one complex healthcare logistics and premium international logistics provider in the world.”
UPS said that following the close of the transaction, Michael Andlauer will lead UPS Canada Healthcare and AHG.
“UPS Healthcare and AHG employees share a similar customer and patient-centric culture with a relentless focus on quality,” said Michael Andlauer, founder and CEO of AHG. “Once the transaction is completed, the businesses will offer an even broader set of specialized logistics services to customers throughout Canada.”
Click here to subscribe to our daily newsletter featuring medical manufacturing industry news.
