UPS closes on purchase of Polar Speed

February 11, 2014

UPS said Tuesday that it has completed its acquisition of Polar Speed, a company that helps deliver temperature-sensitive pharmaceutical supplies in the United Kingdom. Financial terms were not disclosed.

United Parcel Service Inc. said that the deal further strengthens its European network.

"Our combined services will ensure health care companies have access to the best temperature-sensitive transportation solutions and allow us to effectively handle the rising demand for temperature-sensitive pharmaceutical and biologic products," Cindy Miller, president of UPS Europe, said in a statement.

U.K.-based Polar Speed has 118 actively monitored temperature-controlled vehicles for transporting both refrigerated and room-temperature products in accordance with certain U.K. guidelines.

UPS, which is based in Atlanta, has been bolstering its efforts in the health care sector. The company recently purchased Hungarian pharmaceuticals-delivery Cemelog Zrt for an undisclosed amount. It's also opened a health care facility in China and expanded six of its North American health care facilities.

Explore further: Deal could trade tort reform for additional health reform

Related Stories

Deal could trade tort reform for additional health reform

February 1, 2014
(HealthDay)—Physicians may be willing to make a trade in accepting some additional health reform efforts in exchange for tort reform, according to an article published in the January issue of Health Affairs.

Chinese drug company targeted in corruption case

January 13, 2014
China's biggest drug distributor says two former executives are the target of a corruption investigation, widening a graft probe that has focused on foreign pharmaceutical makers.

The case for tele-emergency services

February 4, 2014
New research from the University of Iowa supports the claim that tele-emergency services can successfully extend emergency care in rural hospitals. A summary of the research was published in the new February edition of Health ...

Barriers to care for resettled refugees

January 13, 2014
Barriers to health care for refugees who have been resettled in the Australian community remains an issue that requires a health service overhaul, a Monash University-led report has found.

US adults want physicians managing their health care

December 24, 2013
(HealthDay)—U.S. adults prefer physicians to non-physicians for health care and would choose a physician to lead their medical team, according to the results of a survey commissioned by the American Academy of Family Physicians ...

Recommended for you

Exploring the potential of human echolocation

June 25, 2017
People who are visually impaired will often use a cane to feel out their surroundings. With training and practice, people can learn to use the pitch, loudness and timbre of echoes from the cane or other sounds to navigate ...

Team eradicates hepatitis C in 10 patients following lifesaving transplants from infected donors

April 30, 2017
Ten patients at Penn Medicine have been cured of the Hepatitis C virus (HCV) following lifesaving kidney transplants from deceased donors who were infected with the disease. The findings point to new strategies for increasing ...

'bench to bedside to bench': Scientists call for closer basic-clinical collaborations

March 24, 2017
In the era of genome sequencing, it's time to update the old "bench-to-bedside" shorthand for how basic research discoveries inform clinical practice, researchers from The Jackson Laboratory (JAX), National Human Genome Research ...

The ethics of tracking athletes' biometric data

January 18, 2017
(Medical Xpress)—Whether it is a FitBit or a heart rate monitor, biometric technologies have become household devices. Professional sports leagues use some of the most technologically advanced biodata tracking systems to ...

Financial ties between researchers and drug industry linked to positive trial results

January 18, 2017
Financial ties between researchers and companies that make the drugs they are studying are independently associated with positive trial results, suggesting bias in the evidence base, concludes a study published by The BMJ ...

Best of Last Year – The top Medical Xpress articles of 2016

December 23, 2016
(Medical Xpress)—It was a big year for research involving overall health issues, starting with a team led by researchers at the UNC School of Medicine and the National Institutes of Health who unearthed more evidence that ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.