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Premier acquires IllumiCare for CDS expansion

Jun 30, 202516 days ago

Acquiring Company

Premier

Acquired Company

IllumiCare

CharlotteBirminghamHealth CareInformation Technology

Description

Premier Inc. has acquired IllumiCare, enhancing its capabilities in clinical decision support. The acquisition will help Premier expand its reach in the CDS market and improve provider decision-making related to clinical and financial data. IllumiCare's technology complements Premier's existing offerings, making it a significant addition to their services. Financial terms of the deal were not disclosed.

Company Information

Company

Premier

Location

Charlotte, North Carolina, United States

About

Premier, Inc. (NASDAQ: PINC) is a leading technology-driven healthcare improvement company, providing solutions to two-thirds of all healthcare providers in the U.S. Playing a critical role in the rapidly evolving healthcare industry, Premier unites providers, suppliers, payers and policymakers to make healthcare better with national scale, smarter with actionable intelligence and faster with novel technologies. Headquartered in Charlotte, N.C., Premier offers integrated data and analytics, collaboratives, supply chain solutions, consulting and other services in service of our mission to improve the health of communities.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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