Premier Inc. Secures Major Five-Year Group Purchasing Deal for Essential Respiratory Products

Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, has announced a significant five-year group purchasing agreement set to revolutionize access to critical respiratory products for its vast network of members. This new deal, which became effective on July 1, 2021, promises to deliver 'best-in-class' respiratory solutions to healthcare providers across the nation, ensuring both favorable pricing and advantageous terms.

The agreement, made with an undisclosed supplier, underscores Premier's ongoing commitment to strengthening the healthcare supply chain.

By leveraging the collective buying power of its members, Premier continues to drive down costs while enhancing the availability of essential medical equipment and supplies. This strategic move is particularly timely, given the heightened global focus on respiratory health and the ongoing need for robust supply chain resilience within the healthcare sector.

Healthcare organizations constantly face pressure to manage costs effectively without compromising the quality of patient care.

Premier's group purchasing model directly addresses this challenge by negotiating comprehensive contracts for a wide array of products and services. This latest agreement specifically targets respiratory products, a category vital for treating various conditions, from chronic obstructive pulmonary disease (COPD) and asthma to acute respiratory distress syndrome (ARDS) and complications arising from infectious diseases.

This new five-year contract builds upon Premier's long-standing expertise as a prominent group purchasing organization (GPO).

Its ability to secure competitive pricing and favorable terms empowers hospitals, health systems, and other healthcare providers to allocate resources more efficiently, ultimately supporting their mission to deliver exceptional care. The deal is expected to provide significant value, ensuring that members have consistent access to the innovative and high-quality respiratory products necessary for today's dynamic healthcare environment.