Supply Chain

The following are six of the largest group purchasing organizations ranked by acute-care hospital members, according to each organization's self-reported* numbers.

As healthcare costs rise and reimbursements fall, hospitals and health systems are looking to trim excess spend from any place they can. The hospital supply chain is the second largest spend of a health system, so it provides a number…

Charlotte, N.C.-based Premier has reached a definitive agreement to acquire Salt Lake City-based TheraDoc, a wholly owned subsidiary of Hospira that provides clinical surveillance software.

Through the Prescription Drug User Fee Act, enacted in 1992 and most recently renewed in 2012, the U.S. Food and Drug Administration can collect user fees from pharmaceutical and biological product manufacturers to help expedite the drug approval process. However,…

Wilmington, Mass.-based Tecomet, a medical device manufacturer has acquired the equipment manufacturing sector of Warsaw, Ind.-based Symmetry Medical, according to a Boston Business Journal report.

Chattanooga, Tenn.-based TractManager, marketed under the name MediTract, has acquired Dallas-based MD Buyline.

The U.S. Food and Drug Administration has issued draft guidance that would exempt certain medical devices from premarket submission requirements.

The number of foreign drug and medical devices the U.S. Food and Drug Administration refuses to import has increased exponentially from 2012 to 2013, according to a news release from Registrar Corp, an FDA consulting firm.

Brentwood, Tenn.-based HealthTrust has offered a purchasing agreement to Salt Lake City-based BioFire Diagnostics, a molecular biology company.

In 2013, venture-backed biopharmaceutical and medical device investments had potentially one of the highest potential returns on investments, according to a report from Silicon Valley Bank, a commercial, international and private bank.