Irving-based healthcare membership company VHA-UHC Alliance announced Monday that it has acquired the supply chain management segment of MedAssets, the Georgia company that was just scooped up in a deal worth $2.7 billion.
VHA merged with Chicago’s UHC in February, creating a conglomeration of hospitals and academic health centers. The new company, coined VHA-UHC Alliance NewCo, Inc., provides contracting services, data analytics, and purchasing negotiations to their members. It says it is America’s largest member-owned healthcare company with the largest purchasing power.
London’s Pamplona Capital Management announced that it acquired Alpharetta, Georgia’s MedAssets on Monday. Part of that announcement was that VHA-UHC Alliance had purchased the company’s spend and clinical management segment as well as its consulting business, Sg2. Curt Nonomaque, the alliance’s president and CEO, said this will only bolster the company’s offerings by expanding its advisory services, improving supply chain management, and providing further insight into the industry’s trends.
“By uniting VHA-UHC Alliance’s expertise with the MedAssets SCM segment’s proven strengths, this acquisition advances our mission to connect providers with the knowledge, solutions and expertise that accelerate performance,” said Curt Nonomaque, VHA-UHC Alliance’s president and chief executive officer. “Leaders of participating hospital and health systems across the nation will have more ways to build innovative connections that empower better business performance and improve health care.”
Financial information was not disclosed. The deal is expected to close by the first quarter of next year.