Premier Invests In Exela To Procure Shortage-Hit Generic Injectables

Participating Premier Health Systems Sign Multi-Year Purchasing Commitments

As hospital drug shortages continue to bite in the US, a group purchasing organization has invested in generic injectables specialist Exela Pharma Sciences to garner uninterrupted supply of 19 pharmaceutical products.

Supply Chain
The deal will secure vital supply of critical medicines • Source: Alamy

A group of 11 Premier Inc. member health systems are set to have uninterrupted supply of 19 pharmaceutical products in the US, including several shortage-hit generic injectables, after the US-based hospital group purchasing organization and its health systems acquired a minority stake in the holding company of generic injectables specialist Exela Pharma Sciences.

As part of the investment, the participating health systems have signed multi-year commitments to purchase a portion of their pharmaceutical products from Exela through Premier’s group purchasing organization. Premier members...

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