Premier Inc. (Charlotte, NC) has entered into a definitive agreement to acquire substantially all the assets and certain liabilities of Acurity, Inc. and Nexera, Inc., two indirect wholly owned subsidiaries of the Greater New York Hospital Association (GNYHA), for approximately $291.5 million. The transaction will be comprised of approximately $166.1 million in cash at close and additional estimated deferred payments of $125.4 million.
Acurity is a regional GPO and has been a customer and strategic partner of Premier for more than 24 years. Its members comprise more than 300 hospitals and 2,700 health-related facilities, Acurity has considerable scale, accounting for approximately $68.0 million (10%) of Premier’s total net administrative fees revenue in 2019.
Nexera, a hospital financial improvement consulting firm, partners with healthcare organizations to improve hospital and health system performance, with a significant focus on supply chain enhancement and transformation. Nexera manages and co-manages supply chain operations for a number of Acurity clients, driving down hospital costs through rigorous processes, including value analysis, product standardization and strategic resource allocation.
Read more about the acquisition here.
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