The company's financial strength drives growth through strategic investments, technology-backed operations and enhanced worldwide network. Apart from enhancing its portfolio of services, UPS is also reaching new markets such as health care business. UPS is set to tap opportunities in this rapidly expanding market by establishing various distribution facilities specially dedicated to health care in key markets like Singapore, the Netherlands, Canada, Latin America, Australia and the U.S. The company sees other opportunities in emerging markets like China, India, Japan and Brazil. As a result, United Parcel Service extended its 8-year long partnership in 2011 with pharma company Merck & Co. Inc. ( MRK ) to expand its distribution and logistics services to certain Asian and Latin American markets. In 2012, the company acquired Italian pharma logistics provider Pieffe Group to enhance its health care distribution networks in North and South America, Europe and Asia.