Both Innovatix and Essensa focus on group purchasing outside of acute care — a customer base Premier does not yet hold. Innovatix serves senior living facilities, independent medical oncologists and pharmacies, while Essensa mainly works with surgery centers, imaging centers and behavioral or mental health clinics, according to the report.
At present, Premier holds a 50 percent stake in Innovatix. GNYHA holds the remaining 50 percent of Innovatix and 100 percent of Essensa.
The deal is expected to close before the end of 2016.
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