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Premier acquires healthcare software provider

Aug 05, 2015 - The Deal Pipeline
Mergers and Acquisitions

Healthcare solutions provider Premier Inc. (PINC) will pay $400 million in cash for CECity.com Inc., a provider of healthcare software, in a deal that will expand the buyer's performance management business into ambulatory care as well as acute inpatient care. Premier will purchase all of CECity's outstanding stock using $250 million in cash on hand and $150 million that it will draw down from a heretofore untapped $750 million revolving credit facility. The deal is expected to close in Prem...