Vizient, Inc Completes Acquisition of MedAssets’ Spend and Clinical Resource Management and Sg2 Businesses
Irving, Texas (February 12, 2016) – Vizient, Inc (“Vizient”) today announces it has completed the acquisition of MedAssets’ Spend and Clinical Resource Management (SCM) segment, including Sg2, from Pamplona Capital Management. The combined organization represents the nation’s top hospitals and health systems, and they have delivered billions in savings to providers over the past 2 years alone.
By joining the organizations’ proven strengths in group purchasing, data and analytics, performance improvement, strategic insight and consulting services, participating hospital and health systems will benefit from innovative research, leading practices and new technologies. The combined organization will deliver increased scale in intelligence, data assets and purchasing to address supply, clinical and operational improvements.
“We continue to evolve our business strategy to be indispensable partners to our members and customers, and to move nimbly to meet their emerging needs,” said Curt Nonomaque, Vizient president and chief executive officer. “Through the combined strengths of Vizient, MedAssets’ SCM business and Sg2, we will be even better positioned to help health care providers build innovative connections that address today’s challenges and anticipate tomorrow’s opportunities–ultimately empowering better business performance and improving health care.”
The announcement builds on the decision last year to bring VHA, UHC and Novation together to form Vizient, the nation’s largest member-owned health care company. Vizient plans to bring the MedAssets’ SCM business under the Vizient brand identity by the end of 2016. There are no immediate plans to rebrand Sg2.
About Vizient, Inc
Vizient, Inc, the largest member-owned health care company in the country, is dedicated to serving members and customers through innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs. Vizient’s diverse membership and customer base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers, and combined this represents almost $100 billion in annual purchasing volume. The Vizient brand identity represents the integration of VHA Inc, University HealthSystem Consortium and Novation, which combined in 2015, as well as the recently acquired MedAssets’ Spend and Clinical Resource Management (SCM) segment, which includes Sg2. Headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States. Please visit www.vizientinc.com as well as our newsroom, blog, Twitter, LinkedIn and YouTube pages for more information about the company.
Angie Boliver, 972-830-7961