20. Uniphar
Dublin-based Uniphar (UPR) is a wholesaler and services provider to a broad range of pharmaceutical and medtech clients across the globe. They rely on it to source and deliver vital supplies in a closed supply chain. While Uniphar isn’t the only services-style healthcare business, the regulatory moat around its operations is wide, given public regulatory licences are typically required for its activities.
September’s interim results followed a wide-ranging reorganisation of its structure, and there are signs that this is starting to have an impact. Gross profit growth in the first half hit 9.9 per cent, with Uniphar Pharma enjoying a particularly strong half as gross profits rose by more than a fifth. The supply chain and retail arm, meanwhile, has now finished the process of integrating the McCauley Pharmacy Group into its structure.