Premier Acquires Acurity from GNYHA

Premier Acquires Acurity from GNYHA

The Greater New York Hospital Association (GNYHA) announced last week it sold Acurity, Inc., a regional group purchasing organization (GPO) to Premier Inc. (NASDAQ: PINC). The deal also included Nexera, a hospital financial improvement consulting firm. Premier spent $291.5 million for both businesses, comprised of approximately $166.1 million in cash at closing and an additional estimated deferred payments of $125.4 million. A contingent payment of up to $30 million may be made to the GNYHA in FY2025, based on Premier’s achievement of a range of member renewals on terms to be agreed to by Premier and the sellers based on prevailing market conditions in December. Acurity has been a customer... Read More »