About Us Services Investors Sustainability Contact +0.0100 (0.2288%) EUR 4.38 Customer Login Home About Us News Uniphar to buy CoRRect Medical as it accelerates entrance to German market Uniphar to buy CoRRect Medical as it accelerates entrance to German market German company focuses on interventional cardiology Uniphar is to buy Germany-based CoRRect Medical as it accelerates its entrance into the German market and expands in Europe. The purchase pricewas not disclosed, but is believed to be around €25 million and includes an upfront payment plus further consideration payable upon achievement of performance targets. The company commercialises and distributes medical device products in the cardiology sector across Germany and Switzerland, focusing on the fastt growing areas of interventional cardiology, including structural heart. The acquisition is seen as a milestone for Uniphar, with Germany representing the largest medtech market in Europe. “The acquisition of CoRRect Medical accelerates our entry into Germany, the largest MedTech market in Europe, and underpins our focus on developing a truly pan-European offering for our partners,” Ger Rabbette, CEO of Uniphar said. “CoRRect Medical’s strong relationships with German and Swiss physicians and hospitals, combined with Uniphar’s expertise and deep manufacturer relationships, will provide a unique offering for MedTech customers seeking to commercialise across Europe.” The acquisition is forecast to deliver a return on capital employed to the group in line with Uniphar’s target rate of 12 per cent to 15 per cent within three years. Michael Braun, Managing Director of CoRRect Medical said the acquisition would allow the company to continue to grow in the interventional cardiology space as well as explore new opportunities. “This represents the beginning of an exciting new chapter for CoRRect Medical, our growing team of 11 high performing individuals and our partners,” he said. By Ciara O'Brien for www.irishtimes.com News Updates View all News 27 JANUARY, 2021 WWW.IRISHTIMES.COM by Eoin Burke-Kennedy Uniphar sees profit and earnings growth despite Covid challenge 16 DECEMBER, 2020 How we do business 24 NOVEMBER, 2020 WWW.IRISHTIMES.COM by Colin Gleeson Uniphar acquires US pharmaceutical advisory group ; Uniphar Group, 4045 Kingswood Road, Citywest Business Park, Co. Dublin D24 VO6K Privacy Statement Terms & Conditions Cookie Policy Case Studies Careers News Back to top All content Copyright © 2021 Uniphar Group Plc. A notice about cookies This website uses cookies to collect information about how you use this site. This information is used to make the website work as well as possible.Cookie Policy Set preferences Allow all