Profile
Collective buying power is the premise behind Premier. The group purchasing organization (GPO) is an alliance of approximately 3,400 US hospitals and some 110,000 other health care sites. Owned by a group of about 180 not-for-profit hospitals, it works to negotiate lower-cost contracts for medical supplies by contracting with hundreds of suppliers nationally for everything from pacemakers and catheters to furniture and food service equipment. Premier serves facilities of all sizes, from the smallest rural hospital to huge academic medical centers and its group purchasing power represents more than $40 billion each year. In 2013 the company rode the rising IPO tide and went public, raising $760 million.
Premier is a leading healthcare improvement company, uniting an alliance of approximately 3,900 U.S. hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost.