Premier to divest non-healthcare GPO operations for $800M

Premier “announced that it has entered into a definitive agreement with OMNIA Partners, a leading non-healthcare group purchasing organization, under which Premier will divest its non-healthcare GPO operations for approximately $800 million in cash, subject to certain purchase price adjustments. Following the close of the transaction, OMNIA will become the primary GPO for Premier’s non-healthcare members, which include educational, hospitality and recreation organizations, and will provide support to the channel partners that service non-healthcare GPO members. These members will continue to have access to the Premier GPO portfolio. The transaction will have no impact on Premier’s healthcare businesses, and the Company will maintain all existing healthcare contracts, services, solutions and programs.”