Premier, Inc. Acquires MEMdata
finance.yahoo.com
New Capabilities Expected to Help Care Providers Reduce Capital Equipment and Construction Costs
The addition of MEMdata's capabilities is expected to enhance Premier's ability to drive meaningful supply chain savings for its hospital and health system members in the high-cost areas of construction and capital equipment acquisitions.
"Capital equipment is a large-spend category that presents challenges for our members since products are purchased infrequently and technology changes rapidly," said Premier President and CEO Susan DeVore. "Capital equipment planning is an important step in construction and renovation projects, and can be critical in reducing costly re-work or change orders. With MEMdata, we now have the ability to provide both planning and transactional support related to capital equipment procurement to help our members further drive savings."
MEMdata offers two main services to help care providers reduce capital equipment and construction costs. MEMdata leverages an electronic request for proposal (eRFP) process and proprietary databases containing a wide range of equipment specifications, quotations, price benchmarking reports and additional data. This information provides healthcare executives with pricing transparency on comparable technologies. MEMdata also offers full equipment planning, inventory, procurement and project management services for care provider construction projects.
"Providers nationwide have to make tough choices on how to most effectively and efficiently provide care," said Bob Yancy, CEO of MEMdata. "Our services help providers obtain timely and credible pricing benchmarks for clinically equivalent products to drive meaningful savings without compromising care quality."
Since its inception in 2000, MEMdata has steadily grown its proprietary databases, software and services. In addition to reducing capital spend for existing medical facilities, MEMdata services have expanded to include equipment planning, medical space planning and project management for medical facility construction.
"Our acquisition of MEMdata is strategically aligned with Premier's objective to continue to drive significant value for our members," said Premier Chief Operating Officer Michael J. Alkire. "MEMdata provides a highly differentiated capital equipment and construction solution with a proven track record of realized savings for its customers. We believe this transaction will strengthen our ability to connect our contracted suppliers with our members to drive innovative solutions and lead generation." |
