PREMIER: To Sell eCommerce Business to Medibuy.com
Premier Inc., one of the nation's largest group purchasing organizations for health care providers, has agreed to sell its e-commerce business to medibuy.com, which operates an Internet marketplace for buyers and suppliers of health care-related goods. The purchase of Premier Health Exchange (PHX), which handles more than $12 billion in purchases annually, will give medibuy access to the more than 1,800 providers that have relationships with Premier. After the acquisition, medibuy will provide the e-commerce infrastructure and services for Premier's group purchasing programs, as well as pursue arrangements with other organizations. Company officials did not disclose the purchase price but said they expect the deal to be finalized concurrently with medibuy's pending initial public offering, subject to regulatory approval (Premier release, 3/7).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.