The 10 biggest merger and acquisition stories of 2020

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The 10 biggest merger and acquisition stories of 2020

by Gus Iversen, Editor in Chief | December 30, 2020
Business Affairs

Vizient acquires Intalere from Intermountain Healthcare

In November, Vizient announced it is set to acquire Intalere from Intermountain Healthcare to strengthen its stake in the healthcare supply chain market.

“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, in a statement at the time.

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The acquisition expands Vizient’s non-acute footprint to create more opportunities through the Vizient subsidiary, Provista, and increases its presence in smaller and rural acute facilities. This will garner greater support for these communities with local healthcare services, while aligning cost, quality and market performance.

It also is partnering with Intermountain Healthcare in a collaboration that builds on their relationship in clinical and cost analytics. “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.”

Vizient caters to more than 50% of acute care providers in the U.S., including 95% of the nation’s academic medical centers, and more than 20% of ambulatory providers.

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