The financial terms of the agreement were not disclosed.About Northern Arizona Healthcare Northern Arizona Healthcare (NAH) is the largest healthcare organization in a region that encompasses more than 50,000 square miles. NAH's team of more than 3,000 doctors, nurses and other experts work together to keep patients and families healthy. Serving more than 700,000 people in communities across the region, NAH provides comprehensive healthcare services through two hospitals - Flagstaff Medical Center and Verde Valley Medical Center - as well as through primary care and specialty physician clinics, outpatient surgical centers, the Heart & Vascular Center of Northern Arizona, Cancer Centers of Northern Arizona Healthcare, EntireCare Rehab & Sports Medicine, Fit Kids of Arizona, Guardian Air and Guardian Medical Transport and Valley View Care. As a nonprofit healthcare system, NAH is governed by a volunteer board of directors. www.nahealth.com About Premier Inc. Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,750 U.S. hospitals and more than 130,000 other provider organizations. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality Award recipient, plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier's news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier's blog for more information about the company. Forward-looking statements Matters discussed in this release that are not statements of historical or current facts, such as NAH's anticipated use of Premier's supply chain and performance services at expected levels, as discussed herein, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as "believes," "belief," "expects," "estimates," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements may include comments as to Premier's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Premier's control. More information on potential factors that could affect Premier's financial results is included from time to time in the "Forward Looking Statements," "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Premier's periodic and current filings with the SEC and available on Premier's website at investors.premierinc.com. Forward looking statements speak only as of the date they are made. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date.
Northern Arizona Healthcare (NAH), the largest healthcare organization in its region, has partnered with Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, to drive greater efficiency in its care delivery practices. The agreement includes access to Premier's group purchasing organization (GPO), integrated supply analytics and expense reduction performance services. Employing 3,000 healthcare professionals across two hospitals and multiple ambulatory clinics, surgery and treatment centers, NAH chose to collaborate with Premier based on its approach to total cost management and quality improvement. This is NAH's first engagement with Premier, replacing its 25-year relationship with another GPO. "NAH is excited about partnering with an industry-leading organization like Premier," said Karan Sangha, system director of supply chain, NAH. "Premier's scope, reach, technology and reputation were all key criteria in helping NAH make this important decision. We look forward to a collaborative relationship that not only takes waste out of the healthcare system, but also continually improves quality in this rapidly changing healthcare environment." As part of the agreement, NAH will leverage Premier's GPO to align and aggregate its purchasing practices. NAH will also implement system-wide supply analytics, which are powered by the cloud-based PremierConnect® performance improvement platform, to further unify purchasing activities, and standardize, integrate and analyze spend data to generate savings across its organization. PremierConnect houses clinical data on approximately 40 percent of U.S. patient discharges and more than $48 billion in annual purchasing information. Additionally, Premier advisors will work with NAH to drive and sustain efficiencies that eliminate variation, streamline operations and improve outcomes in care delivery practices. "We are thrilled to welcome NAH to the Premier alliance," said Susan DeVore, president and CEO, Premier. "Success in healthcare today requires a holistic approach to cost and quality improvement, with interoperable technologies that provide full visibility into spend and practice patterns for timely, evidence-based decisions. This partnership creates new opportunities to meet and exceed the expectations of the more than 700,000 people that NAH serves, as well as increases the scale and power of our alliance to improve the health of communities across America."