HPA, previously owned by Orlando Health and South Lake Hospital, one of Florida’s most comprehensive private, not-for-profit health care networks, will become a wholly owned subsidiary of ROi, operating as a separate entity to manage HPA’s legacy contract portfolio and provide custom contracting solutions throughout the continuum of care for ROi. Through the HPA acquisition, Orlando Health and South Lake Hospital have agreed to a 7-year GPO membership term with ROi, while also maintaining membership with HPA.
“Innovation was one of the founding principles of ROi, and we consistently seek innovative opportunities, such as the acquisition of HPA, to deliver value to current and future members without disrupting our core committed sourcing strategy,” said Michael Rivard, chief operating officer and interim president/chief executive officer, ROi. “We are excited to welcome the HPA team to ROi, where they will continue their great work and support ROi members’ custom and local contracting needs.”
“ROi’s innovative history of supply chain excellence and continued growth in the GPO market were key components to being a perfect match to acquire HPA and partner with Orlando Health and South Lake Hospital,” explained Bernadette Spong, chief financial officer, Orlando Health. “Our supply chain strategy closely aligns with ROi, which has proven to deliver continuous cost savings to its owners and members. We are pleased to partner with the expertise that ROi brings to assist in capturing even greater value that supports the mission of Orlando Health, and we are pleased about ROi’s future plans for HPA co-workers.”
