Interpublic Group (NYSE:IPG) subsidiary Draftfcb Healthcare announced today that they are acquiring N.Y.-based pharmaceutical marketing company Hudson Global which offers integrated marketing solutions aimed at the pharmaceutical industry.
Hudson Global will be situated under Draftfcb and the company said that the acquisition will “create a top 5 healthcare offering in the United States.”
“Our acquisition of Hudson is part of a long-term plan to make strategic acquisitions that will bolster our clients’ businesses and strengthen our agency’s offerings in those markets that offer the greatest opportunity,” said Laurence Boschetto, global CEO and president of Draftfcb.
Hudson Global employs approximately 55 plus employees and will retain its company named and remain based in its Tarrytown, NY location. Hudson will also retain its senior management team.
Shares of Interpublic (IPG) are up +3.17% during intraday trading at $11.56 per share as of 3:00 P.M., Eastern.