RPC PROFILE
Acurity, Nexera integrated into Premier Premier’s acquisition in February of regional GPO Acurity will lead to some contract shuffling in the New York tri-state area.
order to bring value to providers with unique needs and requirements.
Acurity, a former subsidiary of the Greater New York Hospital Association,
ʯ Acurity’s local contracts for the
has served members in New York, New Jersey and Connecticut for more than 40
tri-state area – e.g., those with
years, and has been a Premier customer and strategic partner for 24 of those years.
diverse suppliers, local trades and
With more than 300 hospital members and 2,700 health-related facilities, Acurity in
in areas where local licensure is a
FY2019 accounted for approximately $68 million – or 10% – of Premier’s total net
factor – will remain in place to the
administrative fees.
extent that member interest and participation remain. In addition, Hargraves said the acquisition: 1) secures five-year terms for group purchasing contracts at economics similar to historic rates, without termination-for-convenience clauses for the majority of acquired contracts; and 2) reduces functional overlap between Premier and Acurity, particularly in the supply chain contracting and member analytics and reporting areas, and by further eliminating duplicative GPO costs. In addition to Acurity, Premier in February also purchased GNHYA subsidiary Nexera, which manages and co-manages
Premier’s acquisition of Acurity takes GNYHA out of the group
elements of Acurity’s mission and success
supply chain operations for a number of
within Premier.”
Acurity clients. Premier expects to scale
purchasing business. Premier acquired all of Acurity’s mem-
its members, generated over a 40+-year
ber participation contracts. In addition,
“Nexera brings compelling and
history as a GPO, is an important reason
Hargraves told The Journal of Healthcare
complementary offerings to Premier’s
why Premier acquired Acurity,” said
Contracting that:
portfolio,” said Hargraves. “We expect to
the New York tri-state area.
ʯ Where Acurity and Premier contracts
further scale and expand its business out-
Chain David Hargraves. “Remaining
overlap, the Acurity contracts will
side of the New York market to provide
relevant, maintaining high participation
merge with existing Premier contracts
technology-enabled value analytics capa-
at the end of their Acurity terms.
bilities, supply chain business intelligence,
Premier Senior Vice President of Supply
while identifying savings opportunities, and contracting in new technologies and gap areas will continue to be important
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and expand Nexera’s business outside of
“The loyalty between Acurity and
ʯ When possible, Acurity will continue to enhance Premier contracts in
and consolidated or virtual buying functions to a broader array of members.”
October 2020 | The Journal of Healthcare Contracting
