Vizient to Acquire Intalere to Expand Supply Chain Capabilities

Vizient, Inc. today reports that it has consented to an arrangement under which it will procure Intalere from Intermountain Healthcare, improving itself as a pioneer in the medical services flexibly chain. Intermountain Healthcare will presently collaborate with Vizient for flexibly chain arrangements and administrations, in this way growing their present relationship with Vizient in clinical and cost examination.

“This acquisition builds on the strengths of both Vizient and Intalere and furthers our ability to meet the growing needs of the increasingly diverse range of members and customers we serve," said Byron Jobe, Vizient’s president and chief executive officer.

The planned acquisition will support and fuel Vizient’s mission to strengthen members’ delivery of high value care by aligning cost, quality and market performance by:

Reinforcing our commitment to supply chain as a strategic asset for health care providers;
Expanding our non-acute footprint to create additional opportunities through our Vizient subsidiary, Provista; and
Increasing our presence in smaller and/or rural acute facilities, helping support these communities with local health care services.
“Intermountain Healthcare looks forward to continuing to work together with Vizient in our common goal of providing patients access to high-quality care at the most affordable cost,” said Bert Zimmerli, chief financial officer and executive vice president at Intermountain. “This aligns very well with our aspiration of executing a population health strategy by providing value-based care and services to an increased number of patients, families, and communities.”

The exchange is foreseen to close during Q1 2021, forthcoming standard administrative survey. J.P. Morgan is filling in as restrictive monetary counsel to Intermountain Healthcare and Hall Render Killian Heath and Lyman P.C. is filling in as insight to Intermountain for the exchange. H2C Securities, Inc. is filling in as Vizient's restrictive budgetary guide, and Greenberg Traurig, LLP is going about as Vizient's legitimate counsel for the exchange.

About Vizient, Inc.

Vizient, Inc. provides solutions and services that improve the delivery of high-value care by aligning cost, quality and market performance for more than 50% of the nation’s acute care providers, which includes 95% of the nation’s academic medical centers, and more than 20% of ambulatory providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $100 billion in annual purchasing volume, to improve patient outcomes and lower costs. Vizient has earned a World’s Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States.